[原創] QDII. What is your opinion?

Chinese govt annced to relax invmnt for domestic banks w/ QDII status. The Chinese commercial banks can invest up to 50% of the funds under QDII in stocks abroad.  c.f. in the past they were barred from direct invmnt in stocks & derivatives.

Initially, the funds will likely prefer H shares or red chips which hv most rev denominated in Rmb.  Attached pls find the disc table for H-shs against A-shs.  

Our prefered sectors are :

1. Finance - BOC (3988 hk; TP HK$4.95), ICBC (1398 hk; TP HK$5.50)
2. Property - Shimao Property (813 hk; TP $19.50), SPG (377 hk; TP $7.14)
3. Auto - Dongfeng (489 hk; TP $5.05), Denway (203 hk; TP $4.30)
4. Consumer plays - Parkson (3368 hk; TP $61), Egana (48 hk; TP $6.96)
5. Capital Goods - CIMH (3339 hk; TP $17.65) and Comba (2342 hk; TP $4.70)
6. others - Lee & Man (2314 hk; TP $24.20)