从深港通看投资者微妙情绪
<p><span word="Judging">Judging</span> <span word="investors">investors</span>’ <span word="mood">mood</span> <span word="towards">towards</span> <span word="China">China</span> <span word="can">can</span> <span word="be">be</span> <span word="a">a</span> <span word="tricky">tricky</span> <span word="exercise">exercise</span>. <span word="If">If</span> <span word="you">you</span> <span word="assess">assess</span> <span word="the">the</span> <span word="reaction">reaction</span> <span word="to">to</span> <span word="the">the</span> <span word="landmark">landmark</span> <span word="announcement">announcement</span> <span word="of">of</span> <span word="a">a</span> <span word="direct">direct</span> <span word="trading">trading</span> <span word="link">link</span> <span word="between">between</span> <span word="exchanges">exchanges</span> <span word="in">in</span> <span word="Shenzhen">Shenzhen</span> <span word="and">and</span> <span word="Hong">Hong</span> <span word="Kong">Kong</span> <span word="that">that</span> <span word="will">will</span> <span word="for">for</span> <span word="the">the</span> <span word="first">first</span> <span word="time">time</span> <span word="allow">allow</span> <span word="international">international</span> <span word="investors">investors</span> <span word="to">to</span> <span word="bet">bet</span> <span word="on">on</span> <span word="Chinese">Chinese</span> <span word="technology">technology</span> <span word="groups">groups</span>, <span word="it">it</span> <span word="looks">looks</span> <span word="bearish">bearish</span>.</p><p>判断投资者对中国的情绪可能很难。如果你要评估投资者对里程碑式的“深港通”宣布开通的反应，他们似乎是看空的。深港通是深圳与香港两地交易所之间的直接互联互通，将使国际投资者首次可以直接投资中国科技企业。</p><p><span word="A">A</span> <span word="week">week</span> <span word="on">on</span> <span word="from">from</span> <span word="the">the</span> <span word="news">news</span>, <span word="Shenzhen">Shenzhen</span> <span word="and">and</span> <span word="Shanghai">Shanghai</span> <span word="markets">markets</span> <span word="are">are</span> <span word="lower">lower</span>, <span word="while">while</span> <span word="analysts">analysts</span>’ <span word="views">views</span> <span word="on">on</span> <span word="Hong">Hong</span> <span word="Kong">Kong</span> <span word="Exchanges">Exchanges</span> — <span word="which">which</span> <span word="would">would</span> <span word="be">be</span> <span word="the">the</span> <span word="biggest">biggest</span> <span word="direct">direct</span> <span word="beneficiary">beneficiary</span> <span word="of">of</span> <span word="a">a</span> <span word="planned">planned</span> <span word="link">link</span> — <span word="are">are</span> <span word="their">their</span> <span word="gloomiest">gloomiest</span> <span word="in">in</span> <span word="more">more</span> <span word="than">than</span> <span word="three">three</span> <span word="years">years</span>.</p><p>自消息公布一周以来，沪深股市持续走低，分析师对香港交易所的悲观情绪达到三年多以来最高水平，而港交所将是深港通计划最大的直接受益者。</p>
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