$ 45,000,000,000 or the influx of mainland H shares of funds.

<P>: Http:// hearing, while the Mainland funds (including QDII and retail) to roll to kill; side of the international institutions quietly retreat. .This picture, the current H-share market is a vivid portrayal. .</ P> <P> H-share market staged a "great quantities" </ P> <P> Although the "through train" delay start, but from all over the news shows that many investors have " .can not wait. " .Guangzhou, Shenzhen, Shanghai, Beijing and other places the size of the investors, through underground banks or directly to Hong Kong to open an account, early on into the Hong Kong stock market. .First, they are more familiar with the state-owned shares from the start. .So H shares have soared, Hong Kong stocks China Aluminum from 8 17 to August 27 in just 10 days, or more than doubled. .China Enterprises Index hit record highs in two months. .Particularly in the U.S. subprime turmoil over the past few weeks after the Hang Seng China Enterprises Index is the inexorable rise nearly 40%. .</ P> <P> class before the first mainland QDII single-day stock subscription amount over 50 billion, H shares will be its focus on configuration, therefore, not wait for the train whistle, the Mainland Hong Kong equity funds have begun to launch the general offensive. .Lyons expects the next 3-6 months there will be 45 billion U.S. dollars up to influx of mainland capital market. .</ P> <P> in this hot market, international capital is an orderly withdrawal of profit taking. .According to statistics, over the past two weeks, funded by foreign holdings of shares worth nearly 18.5 billion Hong Kong dollars. .</ P> <P> Zhangqiao An Hong Kong Securities analyst, said: "This is only the beginning of reduction." He believes that within the next couple of months, foreign holdings of H shares will reach its peak. .</ P> <P> why the focus on withdrawal of foreign big brother </ P> <P> foreign capital choose the best exit point. .</ P> <P> First of all, they hold the shares have been or alarming. .Alcoa Aluminum in China six years ago to buy the IPO, shares prices have gone up 10 times so far. .Four years ago, Buffett bought the stock in the oil, so far stock prices have increased 6 times. .</ P> <P> also in the Hong Kong stock market investment business Xue Hairong Yan, general manager of investment that foreign institutional investors are not stupid. .Chalco was up too hard, and now is the time reduction. .Although Chalco shares in Hong Kong less than half of its Shanghai, but the price-earnings ratio of 22 times higher still, is twice as Alcoa. .AH price because of the vision of integration, Chalco H shares rose nearly Qicheng the last three months, and last year's rise is as high as 262%. .Hold so much stock of foreign capital, it is impossible to sell at the highest point of all. .Earned more than ten times, then do not go now, when? .The reduction of foreign investment is rational. .</ P> <P> Second, foreign capital choose the hottest time of the market shot. .Warren Buffett to sell the last time in China, the Hang Seng China Enterprises Index crossed the 13,000 points, this time in the index, after reaching 14,000 points. .When shot, the oil price-earnings ratio of 14 times, while the British BP, compared with 10 times earnings. .</ P> <P> Pacific Securities said chief researcher Guo Shiying, after the mainland A-share market to new heights, on the H shares also have a try for the role of foreign investors, high shipment just provides a good opportunity .. .</ P> <P> Zhang Qiaoan that even if the through train is expected to open there before the wave of rose, but the selection is now out of institutional investors, reflecting their robust style. .</ P> <P> mainland capital is then set to be the main </ P> <P> holdings of Chalco was the day of opening half-hour period, turnover is more than 17 billion Hong Kong dollars, and the opening price that high prices than the allotment of 1.06 .HK, opening away to show disk access is the power of the stock market is very optimistic about the future. .Turnover of 22.1 billion Hong Kong dollars the same day. .A single-day stock such a large turnover, not only Hong Kong stock market without the two, that is, the Shanghai and Shenzhen stock markets have never had. .After a few days, Chalco shares are slow uplink, the power to do more re-aggregation. .</ P> <P> by large institutional holdings of these stocks, in addition to the China Ocean continued to fall, other stocks such as PetroChina, CNOOC Tin, share prices continue to rise. .Main will continue to do more is still relatively strong. .</ P> <P> Although the notice did not say China's holdings of oil stocks after the buyers, but analysts believe that China should then set the main funds. .</ P> <P> point of view from the disk, some of the stock transaction the buyer such as China Aluminum-owned securities firms in both seats (such as BOC, etc.) based, and the seller seats Zeyi foreign securities firms (such as HSBC Finance, Switzerland .silver, etc.) based, which seems to mean something. .</ P>.