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HONG KONG Frank Clark Color Rush Jersey , Sept. 25 (Xinhua) -- Southbound activities will gradually pick up in the next few years and bolster the Hong Kong stock market, according to a UBS report.

Some investors might have underestimated the potential market impact of southbound flow (investment from the Chinese mainland to Hong Kong stock market) on the Hong Kong market, citing low ownership share of southbound flow, said Spencer Leung Rees Odhiambo Color Rush Jersey , a UBS analyst, here on Monday.

The ownership of southbound flow will only increase slightly to 3.8 percent by the end of 2020 from 2.3 percent currently, but the investment logic and valuation methods that A-share investors have adopted will apply to the Hong Kong market, he said.

The very high turnover of southbound flow will boost the turnover of the Hong Kong equity market Jarran Reed Color Rush Jersey , leading the latter to become more momentum driven, he said.

The annualized turnover for cross-connect stocks will reach 70 percent and 80 percent by the end of 2019, compared with 57 percent in July this year and the overall market valuation will pick up as well, he said.

Non-southbound fund managers typically turn their entire portfolio once every two years Germain Ifedi Color Rush Jersey , whereas southbound fund managers are 8.6 times faster, on average, than their non-southbound counterparts and often turn their entire portfolio a number of times a year, he said.

The Shanghai-Hong Kong Stock Connect was launched in late 2014 and the Shenzhen-Hong Kong Stock Connect in late 2016.

Southbound flow currently contributes around 16 percent of the trading volume of all the cross-connect stocks (about 87 percent of the Hong Kong equity market) and the figure is up from 12.5 percent in January this year Tedric Thompson Color Rush Jersey , according to the report.

Workers set up large flower terrace on Tian'anmen Square in Beijing

Scenery of high-speed rail networks in south China's Guangxi

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Autumn scenery of paddy fields in SW China's Guizhou

In pics: paddy fields across China

Scenery of high-speed rail networks in south China's Guangxi

Autumn scenery of Kanas scenic area in NW China's Xinjiang

10th Pink Ribbon Charity Walk held in Switzerland

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One out of every three Chinese people over the age of five is nearsighted, says a white paper on the visual health of the Chinese population, the first of its kind, unveiled on Sunday Amara Darboh Color Rush Jersey , the Beijing Times reported.

According to the white paper, 437 million to 487 million, or 35.16 to 39.21 percent, of the Chinese population aged above five suffer from myopia – with 29 million to 30.4 million Nazair Jones Color Rush Jersey , or 2.33 to 2.47 percent, living with a high degree of myopia.

Without effective intervening measures, the percentage of myopia patients above age five is expected to jump to about 51 percent by 2020, it added.

The occurrence of myopia and its harm are irreversible and high myopia could lead to pathological changes in the eye fundus Delano Hill Color Rush Jersey , causing severe and permanent visual impairment, the white paper warned. The disease could also adversely affect future population quality, as it could be inherited and passed on through families.

In addition, prescription lenses are a significant economic burden. In 2012 Shaquill Griffin Color Rush Jersey , 232 million to 263 million people above the age of five had them. About 102 million to 117 million new lenses were demanded by myopia patients every year, costing somewhere between 45.45 billion and 53.25 billion yuan, the paper said.
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