From the AFR:
The Sydney-based money manager, who helps oversee about $US25 billion ($33.58 billion) at Perpetual, has been unloading all the yuan-denominated A shares in his global equity fund over the past two months. He says Chinese stocks are more attractive in New York and in Hong Kong, where the average dual-listed company trades at half its price on the mainland.
…Investors should take advantage of any rebound to sell mainland equities, Willie Chan, an analyst at Maybank Kim Eng Holdings, wrote in a July 13 note. Foreigners have heeded that call, offloading 44.2 billion yuan ($9.54 billion) of shares through the Hong Kong exchange link over the past seven days.
