China's A shares continue to romp ahead while the bulk of their Hong Kong-listed peers are trapped in the area just above 14,000 points on the H-share index. The comparison is not exact since the CSI 300 Index contains private-sector stocks and state firms, but as can be seen from the AH premium chart, the onshore premium remains high, at above 30 per cent, despite the opening of the arbitrage window through the Shanghai-Hong Kong Stock Connect scheme. The premium may move higher yet, but it should not be long before there is another burst of strength from H shares to catch up - at least partially.
