The investment-hungry country began allowing more than 500 of its listed companies to trade on the unrestricted market in Hong Kong this month to bring in foreign capital. But the program, called Shanghai Hong Kong Stock Connect, missed its quotas in the first week.
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Then, on Friday, Beijing cut interest rates, the first time since mid-2012, to stimulate company performance. That move boosted share prices and could hold them up if more cuts follow.
Both rescue attempts have stirred global interest in China's A shares, which are enticingly cheap and allow trades in solid, on-the-move companies such as Ping An Insurance and smartphone heavyweight Huawei Technology.
But investment researchers warn that low prices rule because the country hasn't cured underlying ailments such as lack of transparency, patchy regulation and a perceived lack of value for minority shareholders. China remains a buyer-beware market, albeit an improving one.
"It's still a challenge finding companies there with good transparency and assurances on shareholder value alignment, though it has improved, looking back over the years," says Chou Chong, investment director with Aberdeen Asset Management Asia in Singapore.
Aberdeen will cautiously launch an A share investment fund because of client demand, and as a "starting point" to finding viable companies in China, adds Nicholas Yeo, the asset manager's China head of equities. "You have to pick the better apples from a bucket of bad ones," Yeo says.
Lack of transparency met murky regulation over shoddy public notification about when the Shanghai Hong Kong Stock Connect would begin.