Hong Kong Investors Show Little Interest in Buying Mainland Securities

(Hong Kong) – Hong Kong retail investors have responded coolly to a mutual-fund program that allows them to buy securities on the mainland, resulting in far more investments flowing the other way.

Net purchases by Hongkongers of mainland funds that invest primarily in Chinese stocks and bonds totaled less than 82 million yuan ($12.3 million) from December, when the program started, to the end of August, according to data released Wednesday by China's State Administration of Foreign Exchange.