“Many of China’s biggest companies are dual-listed in Hong Kong and Shanghai, and savvy investors have long turned a profit by playing off the different share prices in the two markets.  Trading activity is also flooding Hong Kong through the ‘stock connect’ pilot program, which linked trading in the Hong Kong and Shanghai markets starting late last year.  The much-anticipated program drew lackluster interest from investors at first. But now, the China Securities Regulatory Commission has started letting mutual funds invest through the ‘stock connect,’ boosting trading volume.  The program has a daily quota for trading activity in both directions — from mainland China to Hong Kong, and the reverse.”

http://money.cnn.com/2015/04/09/investing/hong-kong-stocks-surge/index.html

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