And what are we to make of the widening valuation gap between A-shares and Hong Kong-listed H-shares, where the Heng Seng China Enterprise Index has risen just 3% this year?

• 我们又如何解释中国大陆A股和香港H股在估值方面不断扩大的差距呢？反映H股行情的恒生中国企业指数今年仅上涨了3%25。