h股与a股溢价对比（Compared with a premium H）.docVIP

h股与a股溢价对比（Compared with a premium H） Ping An China 48.39 H shares 64.05 HK = 56 RMB China Life Insurance 28.08 H shares 36.10 HK =31.75 RMB China Pacific Insurance 25.38 H shares 32.15 HK =28.28 RMB Industrial and Commercial Bank of China 4.87 H shares 5.75 HK =5.05 RMB Tsingtao Beer 33.38 H shares 39.20 HK =34.48 RMB Conch Cement 42.19 H shares 47.55 HK =41.82 RMB Angang iron and Steel Company 12.04 H shares, HK $13.96 =12.28rmb Hongkong motherboard is a completely open, free international market, it has developed and mature investment market all the features, therefore, to the main board of the Hongkong of A+ H shares pricing as the basis for the judgment of the A stock valuations, is scientific and feasible. In a sense, the mature and developed Hongkong main board is an important reference for the reform and development of the A shares in Shanghai and Shenzhen; similarly, the Hongkong board of directors value the A+H shares as a mirror of the valuation of the A shares. Facing the mirror, you can dress up. As of September 29, 2009, at the same time in Hongkong motherboard and Shanghai and Shenzhen A shares listed A+H shares, a total of 59. We first convert H shares (HK $) into Renminbi and then calculate the A/H ratio, which is used as the basis for judging the valuation of A shares. Accordingly, we can judge the level of A stock bubbles. From the A/H ratio, there are only 10 A shares in 59 A+H shares, valued slightly below H shares and undervalued by less than 10%. However, the valuation of the remaining 49 A shares is much higher than that of H shares. Among them, there were 20 A shares valued more than twice as much as H shares! And the valuation of 8 other A shares is more than two times higher than that of H shares! Among them, the most typical is the two pandas in Nanjing and S Yihua long-term profit share. In Hongkong motherboard, the closing price of these two shares were only 1.67 yuan and 1.62 yuan, but in the Shanghai and Shenzhen A share market, the cl