Please upgrade your browser

We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Edge, Chrome, Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.

If you are seeing this message, we have detected that you are using an older, unsupported browser.

See how to update your browser

China Insights

Monthly update on Chinese markets
30 June 2022
    Download the full reportPDF, 2.25MB


    • If two securities are cointegrated, their price series exhibit a stable long-term pattern. An investor could potentially formulate an investment strategy to monetise any deviation from this long-term pattern
    • The A- and H-shares of a Chinese company dually listed in mainland China and Hong Kong would make good candidates for cointegration testing
    • Of the twenty-five A-H share pairs we tested, nine pairs have shown evidence of cointegration. Cointegration also seems more likely among A-H share pairs in the financial sector