The Shanghai-Hong Kong Stock Connect program started on Monday, opening up mainland Chinese markets to global capital. Foreign capital showed much stronger appetite for the yuan-denominated A-shares in Shanghai, with the 13 billion yuan worth of daily quota being used up one hour before the A-share market closed. In contrast, mainland investors took a more restrained approach to the opportunity to trade in Hong Kong, with only 16% of the 10.5 billion yuan ($1.7 billion) daily quota allocated to them used.
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