H股市场分析和展望

通过对H股市场的统计分析 ,认为H股可投资性很强。影响H股定价的主要因素是其行业特性和H股在香港股市中的地位 ,总体定价有向港股平均市盈率靠拢趋势。H股上市公司内部和外部的经营环境在不断的改善 ,H股对国际和国内投资者都很有吸引力 ,市场发展前景看好。但其股价波动剧烈 ,内地投资者不应当总是套用国内股市的游戏规则参与H股投资。

The Analysis and Expectation of H- shares in Hongkong Stock Market

Through statistical analysis of H-shares in Hongkong stock market, it has been found that the H-shares are worthy of being invested. The main influencing factors on the price of H-shares are the industrial characteristics and the status of the shares in Hongkong stock market. But the pricing of Hongkong stocks has the tendency to be close to the average P/E ratio (Price-Earnings Ratio). With the improvement of the inner and outer management environment of listing companies, H-shares have a huge attraction to international and domestic investors and thus have a good future. But because of the drastic fluctuation in prices, investors from mainland should not always apply the game rule of Shanghai stock or Shenzhen stock to the Hongkong stock mechanically.