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SHANGHAIHONG KONG Wholesale Washington Redskins Hoodies , Nov. 17 (Xinhua) -- Investors reacted to the official opening of the historic Shanghai-Hong Kong stock connect with a mixture of enthusiasm and prudence on Monday.


The daily northbound trading quota of 13 billion yuan (about 2.12 billion U.S. dollars) was reached at 13:57 pm local time, hours after trading of Shanghai shares via Hong Kong opened to all Hong Kong and overseas investors on the first day.


At a bourse in central Hong Kong, a man who declined to be named said he had just used the new trading scheme for the first time. "I bought a few (A-shares), and will keep trying," he said. "My goal is that in the future Wholesale Washington Redskins Shirts , 70 percent of my capital will be in Chinese mainland."


However, Hong Kong strategy investment adviser director Daniel Chan said currently investors in Hong Kong are mainly companies and organizations. "Private investors are not familiar with the equity market in the mainland, its rules and the shares," he said.


Some clients called to ask about the scheme, but most still prefer trading local shares Wholesale Washington Redskins Jerseys , he said.


"How could one buy a cow from the other side of a mountain that they are not familiar with? " Chan said.


His reluctance was shared by another middle-aged female investor, who refused to be named.


"You need Renminbi to buy the A-share," she complained. "Now that the exchange rate is so high, I'd better focus on local stocks."


Still she was interested in the scheme, asking investors questions regarding the quota and regulations.


"This is only a beginning Wholesale Redskins Hats ," said an optimistic Ma Huiming, general manager of the China Investment Securities (HK). "The market is to be fostered and investors are to be taught," he said. "The market will be really popular in two years."


People in Shanghai showed even more prudence, partially because of a threshold as trading of Hong Kong shares via Shanghai is only open to mainland institutions and individuals with at least 500,000


yuan (about 81 Wholesale Redskins Hoodies ,579 U.S. dollars) in their trading account.


The benchmark Shanghai Composite Index dropped 0.19 percent to finish at 2,474.01 points. The Shenzhen Component Index closed at 8,283.8 points, down 0.52 percent.


Xinhua interviewed several individual investors, but none had bought Hong Kong shares.


One investor Wholesale Redskins Shirts , surnamed Han, said she invested less than 20,000 yuan in the stock market. "It is too risky," she said. But the new trading plan gave her some inspiration.


"I will follow the Hong Kong investors and see which shares they chose to buy," she said.


She said now that it's launched Wholesale Redskins Jerseys , she hopes investors from the mainland can learn from their counterparts in Hong Kong on how to play the stock market sensibly.


Yang Huaiding, a Shanghai pioneer in the capital market nicknamed "Millionaire Yang", who earned a fortune in the stock market, also believes its an opportunity for mainland investors to learn.


"After the Shanghai-Hong Kong stock link opens, perception in the stock market in the mainland will change Cheap Washington Redskins Hats ," he said. "Many people now take a speculative attitude and like to follow suit. Prices of some shares which are not so good are often pushed up."


With more capital flooding in, he said people's "psychological bubbles" are bound to burst.


Ms. Han, the investor in Shanghai, also hoped that the scheme could help beef up the stock market in the mainland.


The program will bring about "the biggest rebalance of capital in the world," Hong Kong Exchanges and Clearing chief executive Charles Li Xiaojia said. He estimated that it will push the assets in mainland's banks to flow to capital market Cheap Washington Redskins Hoodies , so that the volume of A-share market will grow tremendously in five to ten years.




PARIS， March 15 (Xinhua) -- To cut oneself off from foreign markets by means of discriminatory measures is formally banned by European treaties， affirmed Frederique Berrod， professor of European law at the Political Sciences Institute of Strasbourg (IEP).


In an exclusive interview with Xinhua， Berrod discussed the legal reality of the European Union (EU) and analyzed why the National Front (FN) party in France has made protectionism its warhorse.


"The treaties on which the EU is based clearly eliminate all possibility to fall back on protectionism，" she said.


Article 2 of the Treaty erects non-discrimination as a value of the 28 member states. Article 18 prohibits the use of discriminatory measures in order to close a national territory. It is the same thing which concerns article 34 related to non-tariff barriers to exchange.


Finally， article 110 conditions the legality of fiscal taxes on the sole fact that they are not protectionist， explained Berrod， who is also a professor at the College of Europe in Bruges， Belgium.


Even so， populist parties， with the FN first of all， have not stopped presenting protectionism as the remedy for all ills.


After Brexit， the scenario of a "Frexit" has been evoked in the case of the victory of FN leader Marine Le Pen in the French presidential elections in April and May.


If Le Pen is elected， she affirmed that her first decision would be to go to Brussels "in order to open negotiations on the return of the four sovereign powers -- monetary， legislative， budgetary and territorial".


"We already see the difficulty to conceive of a Brexit even when the United Kingdom disposes of its own currency，" Berrod said.


Each facet of the life of a country is closely linked to that of its neighbor， and each level of decision depends on another， she said.


"Brexit shows that even the withdrawal from the EU is not simply a national decision， be it democratic， but that to unravel its membership with Europe is a high-risk political operation that no one really masters，" she pointed out.


The professor at the IEP also shone a light on the drift in the language of Le Pen concerning the euro.


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