Southbound quota utilization declined in June but has picked up significantly fromthe beginning of July.With Southbound sell flow slowing and buy flow remainingfirm,the impact from Southbound trading in July on Hong Kong cash turnoverhas increased in net terms and remained stable in gross terms.In this note,werefresh our Southbound Impact target list of stocks.
20170718-DEUTSCHE_BANK-ASIA_EQUITY_STRATEGY:FEAR_NO_MORE_THE_HEAT_O'_THE_SUNAC.pdf
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