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Lyndon Chao, Head of Equities at ASIFMA, quoted in Wall Street Journal story “Where Have the Traders Gone? A $4 Trillion Market Is Stuck in a Rut”.
Directly from article –
“The financial industry also is pushing for mainland China-based investors to have more access to the Hong Kong stock market, said Lyndon Chao, head of equities at the Asia Securities Industry & Financial Markets Association, a lobby group. Some of the association’s members have proposed lowering the threshold for the Southbound stock link between the mainland and Hong Kong, which requires onshore investors to have at least 500,000 yuan—equivalent to about $69,000—in their securities and cash accounts, Chao added.
“That would open up the spigot for mainland investors,” Chao said.”
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