More A Shares For the Little Guys

Unclear tax rules and quotas may hinder through train

"We have our QFII quota and are in the process of applying for RQFII. We will continue to use these programmes for accessing the mainland market," Wan said.

"The through train scheme is more for retail investors who now have no access to the A-share market. Institutional investors may take this as a new channel to enter the mainland market.

"However, there are certain technical issues that need more clarity before institutional investors can use the system. They are particularly concerned over issues such as tax and ownership rights."

The daily quota was cause for concern, Wan said.