Continued fund flow into Hong Kong and positive market performance overseas helped support gains in the market.
More Quotes from Peter Lai:
Mild profit-taking set in and partly erased earlier gains. I believe the sustainability of the index above the 16,000 point level would really depend on the fund flow and market sentiment. Mixed showing at Wall Street overnight may have kept some tradersPeter Lai
Institutional investors are continuing to buy into China's growth story and this explains their interest in H shares and red chips.
Peter Lai
HKEX is viewed as a good company as the exchange's turnover is expected to rise. Its shares have room to move higher as they are trading at slightly below some of their counterparts.
Peter Lai
We will look into the range of problems of the lawful and unlawful migration of mainland people. We will, of course give top priority to the problem of migrant children. It has become very serious.
Peter Lai
China is expected to take some macroeconomic measures as fixed asset investments there are forecast to grow sharply this year.
Peter Lai
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