[Zannn]

HSI 11% return vs 100% for S&P

This is the biggest historic divergence since HSI was formed.
The valuation of S&P and Dow is more thanndouble that of HK and dividends less than half.

Investors waited too long and when about to up govt clamp down. People need long time to come sense on valuation. It seem prc clampdown not out yet, so vested in HK just have to wait n wait. Some fear lose out opportunity go back US again.