Photographer: David Paul Morris/Bloomberg

Hong Kong Stocks Trounce Shanghai’s by Most in Five Years: Chart

Shanghai’s stock market is being left behind as the real gains are to be found across the border. The Hang Seng China Enterprise Index of mainland companies traded in Hong Kong has rallied 14 percent this quarter, compared with a 3.9 percent advance by the Shanghai Composite Index -- the biggest margin since the last quarter of 2011. Cheaper valuations, a stable currency, and the imminent start of a second exchange link with China are all lures for mainland investors who’ve flocked to buy Hong Kong stocks in recent weeks.

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