HKEX is viewed as a good company as the exchange's turnover is expected to rise. Its shares have room to move higher as they are trading at slightly below some of their counterparts.
Institutional investors are continuing to buy into China's growth story and this explains their interest in H shares and red chips.
The new PCCW shares are right now being sold in the market. Some Cable and Wireless shareholders have decided not to hold PCCW shares.