College football players have visible brain changes | Reuters

Jeffrey Bazarian said. “None of these players were feeling bad but their brain structure isn’t normal.”

For now, Bellgowan suggested that parents and coaches take a conservative approach when dealing with student athletes by taking them to specialists when they walk off the field with a headache.

SOURCE: bit.ly/WddS8K JAMA, online May 13, 2014.

The longer the young men had played football, the smaller their hippocampuses were and the slower their reaction time on one of the tests.

The participants had magnetic resonance imaging (MRI) of their brains and researchers used the images to measure the volume of certain brain regions. Those who had been diagnosed with concussions also had smaller hippocampuses than the players without past concussions.

“The conservative approach is what I’m hoping to get out there,” he said.

Bazarian was not involved with the new research, but has studied the brains of young athletes at the University of Rochester Medical Center in Rochester, New York.. “Maybe this is just the precursor of it.”

“Boys hear about the long-term effect on guys when they’re retired from football, but this shows that 20-year-olds might be having some kind of effect,” said Patrick Bellgowan, the study’s senior author from the Laureate Institute for Brain Research in Tulsa, Oklahoma.

“People try to understand why some NFL players have what looks like Alzheimer’s in their forties,” Dr.

NEW YORK (Reuters Health) – The brains of college football players may already display the effects of years of taking hits, according to a new brain imaging study.

“We keep hearing about retired football players having diseases that relate back to smaller hippocampuses,” Bellgowan said. The athletes also took a computerized test to assess their cognitive abilities.

The researchers found that college athletes had hippocampuses between 17 percent and 26 percent smaller than non-athletes. “How did they get there? I think this study points out the early stages of that.”

Bellgowan is also on the faculty at the University of Tulsa, where, he said, “Participation of the athletic department was essential to this work.”

There has been growing concern over whether the connection between contact sports – like football – and CTE, which is a brain disease known to affect some athletes who experience repeated hits to the head, may extend to younger players.

Between June 2011 and August 2013 the researchers recruited 25 college football players who had been diagnosed with a concussion, 25 players without a history of diagnosed concussion and 25 similar young men who had never played.

The symptoms of CTE, which tend to set in years after the last traumas, often include memory loss, aggression and dementia.

Both Bellgowan and Bazarian said it will take longer studies to find out whether a smaller hippocampus may cause problems for these athletes in the future.

The researchers write in JAMA that they didn’t find any differences in behavior between players and non-players, but Bellgowan told Reuters Health that a smaller hippocampus is linked to depression, schizophrenia and chronic traumatic encephalopathy (CTE).

Players who had been diagnosed with concussions and those who had been playing for years had smaller hippocampuses – a brain structure critical to memory – compared to those who never played football or played for fewer years, researchers found.

“Maybe there is something going on early on,” he said

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Make Bets That Assure You A Win

. Losing with a small amount will not be a disaster,you can easily make other bets with more excitement and fun.

The real of of online soccer betting is not as simple as the flip of a coin which lets you decide outcome of the match. Both of the teams have unbeatable good players,but then you should make bets after doing plenty of research work,don’t just stick to one,play smartly. It is essential to make a strong by soccer betting,you do not easily lose your calm and play with utmost patience.

Managing your betting amount is a crucial part to consider while you are placing soccer bets. However, despite of being an unpredictable affair betting lets you make huge money within a short span.

Make your thoughts clear had have a strong base to make the most of this soccer betting season.

By: Pedro Walker

Online-betting.me.uk provides all information that you require for placing winning soccer bets. Website offering betting tips have plethora of tips along with a statistical analysis that guides you and let you focus on the certainty of the bets at stake. It’s quite visible that Spain and Brazil are hot favorites for this soccer season, with presence of other teams,you need to carefully analyze their individualized performance and then place bets. Generally people get excited and make bets for larger amount all the time,this can lead them to debts because bankroll emptied quite early. Make sure you have maintained a betting limit , instead of wagering with hefty bucks, play with a small amount many times. You can also take a look on online lives scores of the matches and take the reviews of expert’s punter

The money making strategy in soccer betting is all about taking advantage from the information available,the more you are acquainted with latest trends the more you have chances of making as much money as you can. Here you get trusted and reliable statistics, tables, betting tips and latest results that relates to football betting. Many times you might be very close to win,but end up losing. Websites guides players about recommendable bookmakers, betting tips, free bets and bonuses which let the players to have a unique betting style.

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All of us are aware that betting is a risky affair,this unpredicted event can take you to deep profits and at the same time you can lose also. Online betting websites are a great source which provide players with enriched betting odds, higher stakes and array of bets for novices as well experienced punters. Making money from soccer betting is all the matter of taking advantage from the information.

As the grand soccer world cup 200 is gearing near, players have great opportunity to try hand in making lucrative bets

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How To Get Offshore Oil Rig Jobs With No Experience

A certified welder could make $60,000 working on an offshore oil rig. You’ll be doing more of the same physical work, but you will also lead a team of roustabouts. This could get you highly paid jobs in the electrical department or motor room.

By: Calvin Loh

Remember to read up a little bit on maritime law. You will be doing a lot of hard, dirty work and heavy lifting. Depending on where the oil rig is located, you may need vaccinations, first aid certifications, offshore survival certifications, firefighting certifications and helicopter underwater escape training certifications. You will also get the chance to help the derrickhands and drillers, giving you the experience to be promoted to a driller yourself.

Article Directory: http://www.articledashboard.com

You can still find offshore oil rig jobs even in the middle of this recession. Worldwide, $400 billion will be spent in 2009 looking for more oil… Even though the Department of Labor will call you a general laborer, you’ll be earning somewhere around $45,000 a year, better than some white collar jobs.. In this line of work, you want to look for entry level roustabout jobs. Instead, go for a certified trade like an electrician or mechanic. Start with an entry level job, prove yourself, get promoted.

For most jobs on an oil rig, university degrees are useless pieces of paper. Offshore oil rigs legally count as ships at sea, so you’ll want to find out how the different laws affect you. Offshore drilling companies like Transocean are still deploying new oil rigs and hiring workers. Large oil companies like Exxon spend $79 million everyday looking for new oil fields. The different requirements are not just across countries, but also across US state boundaries and Canadian provincial boundaries.

Even without experience, getting offshore oil rig jobs is easier than getting a job as a rocket scientist. Even though OPEC is complaining that oil at $40/barrel is too cheap. With the amount of money being spent in the oil industry, you can bet that there will be offshore drilling jobs available to a fit, hardworking young man.

Offshore oil rig jobs are like any other career – you start at the bottom and work your way up. Don’t forget to check with a good tax lawyer – at one point of time, there were very good tax incentives for people taking up offshore jobs. Good cooks and medics are two other entry level positions always welcome on an oil rig.

Are you looking for offshore oil rig jobs and oil rig employment? Click here to learn how RigWorker can help you to quickly and easily find offshore drilling jobs.

Unlike most physical jobs, you actually have a pretty good career path. Work hard and smart for one to two years, and you could be promoted to a roughneck

A Beginners Guide to Navigating the Casino Without Losing Your Shirt

Slots can account for 70 percent or more of the money casinos make from gambling.

Slot machines appeal to people looking for a pressure-free way to pass the time. The vast majority won’t. They’re generally easy to learn and play.

The challenge for bettors is to find a game that they enjoy and that has a house edge they’re comfortable with.

Whether you’re a beginner or a veteran, the most important fact about a casino is this: The house always has the edge, no matter what game you play. So if the dealer’s up-card is weak — especially a Four, Five or Six — it’s better for a player to stand on a “stiff” hand of 12 through 16 than trying to hit and get closer to 21.

A penny machine is a misnomer. Some casinos offer games that pay 6-to-5 for a blackjack. The RNG’s sole function is to spit out groups of numbers. Take what you are comfortable spending. The machine itself is the entertainment.  

Finding yourself amid the thousands of games, dealing with the noise, lights and other casino distractions, and ogling the vast amounts of money and chips can intimidate anyone.

Blackjack, if you take a few minutes to learn the basic strategy of when to hit or stand.

Video Poker, if you make the effort to look for good pay tables and learn simple guidelines for which cards to keep and throw away.

Baccarat, including the “mini” form found on the main casino form.

Craps, a game that looks more complicated than it actually is.

If you find yourself ahead after a couple of hours of fun, then remember the dealer’s advice for the nervous blackjack player: Run for the hills!

Casinos also offer a variety of “carnival games” that are variations of poker and blackjack. The answer depends on your own assessment of how much you’re willing to spend for a night at a casino. Some machines let you choose the value of a credit, such as 25 cents, 50 cents, $1 or $2. It’s all pure luck, as opposed to skill games such as blackjack and poker. With slots, the outcome is determined by a computer program called a random number generator, or RNG. About 27 percent of Americans visit a casino at least once a year, according to the American Gaming Association, and that number grows as legalized gambling continues to expand beyond the traditional centers of Las Vegas and Atlantic City. In some games, all the players on a group, or “bank” of machines might share in a bonus round. Although each credit is worth only one cent, players can wager as much as $3 a spin by playing multiple pay lines and more than one credit per line.

“No problem,” he assured her. Casinos make more money from slots than from any other game. Some games have surround-sound chairs for what manufacturers call “immersion” gaming.

Games with a low house edge include:        

Blackjack is the most popular card game by far. Slot players don’t have to worry about making the “right play” or doing something that could affect other gamblers. Slot manufacturers spend millions of dollars to make machines that entice people play longer. Some folks are comfortable eating at a chain restaurant and catching a matinee. Use your players club card whenever you gamble there. Over the long run, the casino will win because of how the games are structured.

Casinos offer a variety of games to entice everyone from those dreaming of a life-changing jackpot to people simply enjoying a night out.

Many books and Web sites teach basic strategy for blackjack. At that game, the player with a blackjack gets paid only $12 for a $10 bet. In the short run, anything can happen. The process is simple: Push a button; win or lose; repeat. That’s not right. A cynical adage holds that casino executives figure that whatever you bring through the door is theirs – you just happen to be holding it for the moment. The card makes you eligible for offers of discounted or free food, hotel rooms or other amenities based on the amount of your play. Those include Three Card Poker, Let It Ride Blackjack Switch and Spanish 21. The casino gets its cut by collecting a “rake,” typically $4 or $5, out of every pot.

READ: 6 Mistakes to Avoid When Paying Off Debt

READ: The Downsides of Winning a Powerball Jackpot

READ: Tips and Tricks for Traveling to Las Vegas

Before you put money into a slot, check the machine’s display to see how much one credit is worth. Each number corresponds to a specific symbol on the display. This was a friendly table, he said, and he or the other players would be happy to help a novice. If you “bust” by going over 21, you lose even when the dealer also busts, because the dealer is the last to act. She put out the $10 minimum bet and was dealt a two-card 20 for her first hand. If you go out for dinner and a show, you know how much that’s worth to you. Casinos have evolved into one of the country’s premiere entertainment options. The goal is to beat the dealer. Dollar machines pay out more than quarter machines, and quarter machines pay out more than nickel machines.. Those who follow basic strategy can reduce the house edge to 0.5 percent or less, making it the closest thing to an even-money game the casino offers. Slot players put their cards into the machine; table game players present their cards to the dealer.

The house advantage on slots can vary by casino, but typically it’s about 10 percent. Never play them. You could hit a big jackpot or you could lose your buy-in within a few minutes.

One question all casino visitors ask themselves is how much money to take. Smart gamblers find a game they enjoy and learn the strategies that reduce the house edge as much as possible.

One of the built-in advantages for a player is that blackjacks traditionally pay 3-to-2, or $15 for a $10 bet. “Run! Run for the hills while you’re ahead!”

Just bear in mind that you’re there to have fun. Some want a four-star restaurant and a live musical.

However, that doesn’t mean you should just throw your money away on long shots. In other words, for every $100 put into machines throughout the casino, the machines return an average of about $90 over the long run. Players have the option of hitting or standing, while the dealer must follow specific rules — generally, he must hit if the total is 16 or less and stand with a total of 17 through 21. Never bet with money you need for the mortgage or medical bills. The number combination generated at the instant you hit the spin button determines what symbols will be displayed and whether you win or lose.

When you enter any casino for the first time, head to the players club booth and join. Many players mistakenly think the object of blackjack is to get a hand as close as possible to a total of 21 without going over. Sure, some players will win big. Her blackjack fling started with a victory.

“You know what you should do now?” the dealer asked, barely suppressing a smile as he prepared to deliver the punch line. As a rule of thumb, the easier a game is to play, the higher the house edge.

The black-haired woman nervously thumbed through her purse as she took the end seat at the blackjack table. She pulled out three $20 bills and gingerly placed them on the felt, confessing to the dealer this was her first time playing the game.

Poker is popular, but it differs from all other games because you play against other gamblers rather than against the house. That can range from a penny to several hundred dollars. A few favorites: www.WizardOfOdds.com, www.bj21.com, www.BJInsider.com, and authors Stanford Wong, Henry Tamburin and Arnold Snyder.

When you plan a casino trip, figure out how much you’re willing to spend for that night’s entertainment. Many are tied to popular movies, TV shows or musical artists – think “Lord of the Rings” or “Pawn Stars” or Dolly Parton – or even games such as Wheel of Fortune, Monopoly and Battleship. They want to gamble but they’re not exactly sure what to do.

Slot machines are the easiest and most popular form of casino gambling. You should be mentally prepared to lose it all.

Regardless of what you might hear elsewhere, there is no strategy for winning at a slot machine. Since blackjacks will come at the same rate at each type of game — once in about every 21 hands — playing at 6-to-5 table costs you about $6 an hour.

Many people making their first casino trip or trying out a new game are like that uneasy blackjack player. A rule of thumb is that the higher the base denomination, the less the house advantage

Sports Betting Blogs | Best Sports Betting Site

Audience, public, fans and people who have …

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Hello, dear beloved fans of betting, sports addicted men and women and just visitors of this blog. Sometimes people do not like to get a figure pointed and the right direction. Mala Marakana expected this game for a days now. One team, who was close to relegation , played several seasons ago in the Championship, had pointed out and …

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Goo day , dear tipsters, bettors , handicappers or just devoted fans. But lets try to stick to the main line of the post – the top 4 European countries and their Football Championships:   England – actually , I like most watching football from Italy , but this season was a great surprise what have happened there on the Albion. As bettors and fans, most of us , had watched all of the games, been to some of the stadiums and made a lot of bet on all popular and not that popular markets. The football program for today is very rich and intensive, but these two games have gathered my attention. But this is football and that is why we love it so much and love to bet on it… His glory will reach the most far away parts of our planet, just before you could pronounce his whole name. I have prepared for you 2 games. But now I am here and I am about to give and expand the best of me. This post will be about one of the …

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Good day to everyone. Legends and remarkable gladiators, …

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Good day  , dear friends. I want to see and read  who is standing on the other hand of the monitor, who you are and why you come back or you never return. England does not have a good national team, but the UK, Premier League is one of the best Championships around the globe, not only in Europe. Everyone is free to chose, the most suitable bookie from the banners in my blog.  Maybe Liverpool were very close to ruin that Spanish SuperCup Final, but Sevilla just made a remarkable turn-about. In such cases  , I leave you the free choice to take the direction, which you think should be a correct one. I decided to play , make a little questionnaire with you – my readers and visitors. All of us are happy because the UK Premiership had started yesterday. Good morning to all, as we are all now keen in expectations of starting of the new season in Premier League. But …

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Good evening, dear readers and friends. In my experience as a trader, I always preferred to trade live games, not just changing odds for pre- match compiling of figures and stats. I am actually fan of Levski Sofia, this is my team and this is where my heart belongs to. My happiness will be a 100 % sure,when Seria A season in Italy will also be promoted, but this will happen very soon ( 6 days now). When …

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Good morning, dear punters. I want to make this blog better with your help. Actually these are the Championships, which are easiest for me, for predictions. I feel it , like a special place, where I would like and I am doing my best to share with you all the experience I have in betting and in different sports. The main fever and how to say, the light of the cameras is always concentrated on the main figures in the top 5 teams, the managers. First game in Razgrad ended 2-2 and no one convinced the visiting squad to be the winner after the second game, which has been expected to be played against 50 000 fanatic fans of the Serbian team. To clean the dust and take everything in order is not such an easy process. Levski are in crisis, not capable to overcome Maribor from Slovenia after two draw games. Yes, I know now are the Olympics going Rio , but my focus is elsewhere. You saw and read in the heading of the article – immortal powers.. Since I was a very little boy at the age of 10 , I liked watching Italian football, because of the passion on the stands-fans chanting all the 90 minutes and because all the legends , I have watched – Vialli, Baresi, Donadoni, Nesta, Veron, Bepe Signori , Gabrial Batistuta, Maldini, Schilaci, De Livigho, Nedved, Diego Armando Maradona,Crespo, Roberto Baggio and many more ? Lets take a rest from the Italian football and get concentrated on what we are about to bet and watch today. You may think that this is about the players of the wish for dominance, both giants in sports do have and had. A game that had everything in it. I will be focusing in the future on 2 games and will try to give you as much predictions about them as I can. The coaches which have that power as the Roman Emperors did back in the days. They wanted to scared the “eagles”, but ….. It has been a long time since my last post. Even some of the home team Ultras went in front of the hotel of the Bulgarians and flamed piro effect, which was very cowardice and mousy thing to do. We have been in all the epicenter and now we are expecting Euro 2016 Finals in France. How do you feel today ? What will your best bet be on the upcoming FA cup games? I would like to ask you so many questions. It is the end of the football season in all the top 4 European leagues and I feel obliged , I have to say few words about the Champions an the runners up. I will give my best to direct you to winning outcomes and happy …

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Good evening , dear friends. As you can see from the header , the games will be split on two – one from Italy and another from England. Those two teams met in the last final of the European Finals. Unfortunately Italy lost, but other team of Spain was simply hard to be beaten. Let’s get started with the betting tips: Tottenham – Liverpool : at first sight appears the market both teams to score @ 1,62 (bet365). Doubles chance x2 – 1,62 @ bwin. We, as a sports betting society and team of men and women, searching for the most appropriate outcome, are kind of a strange birds. Destiny loves to play jokes with us, in the previous round the boys of Jurgen Klopp had made the decent game, winning at Anfield 4-3 against Borussia Dortmund , after the result was 3-1 in the 55 minute of the second game. Yes it is also about the spread and immense influence over the fans and normal people. Liverpool are very strong visiting team and in my opinion they will not lose this game, yes they had hard times at Burnley, but with “hot spurs ” will be a different situation. A whole week labor and effort , may come to a great winning conclusion of the week, even if your team has not taken the needed 3 points or missed the chance to score in the last minute of the game. Yesterday night we saw several nice games from the Champions League elimination round, one phase before the true games for entering the Group stage. When you say Italy and Spain are playing , you figure out fast in your mind such names as : Casillas, Buffon, Di Maria, Baggio, Baquero, Guardiola, Vialli, Maldini, Donadoli, Paolo Rossi and many other. As from now on, I will be giving you some of my tips as per the odds of betfair.com There are actually 3 bookmakers …

Hi , dear all. One of them was the match between Crvena Zvezda – Ludogoretz.  I will definitely give you advice to take …

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. I call it space ship, because we are travelling in the world of bets , sports, live betting and of a recognition of good and noble bookies, which deserve our attention and money. Everyone has it is own world, but we have a lot in common sports and bookmakers offers on different matches in all king of sports. They have the good faith of the owners of the clubs to invest, hire, demolish or raise -up teams . I have been searching for a long time to for the appropriate games to offer for betting this week. It will be a very interesting and intense weekend, especially when we will be about to watch and get thrilled …

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Hello, dear friends. It is nice to meet you on this sunny Friday morning. Tomorrow we be a great game to come. The good manager can leave a permanent sign, a trace for all the next generation of fans, managers and football players all around the continent. If it is not, I am always open and friendly to take someone on the board of my space ship. Not only stars, but players and people who have changed and are currently changing the history of football. The section great football derbies on the blog has been covered with dust for a period of 6 months. There has been a lot if interesting moments and game during the past weekend. I am convinced it will be a perfect one as one f the best games of this Euro 2016 tournament is about to be played later on. The theme of today theme is another. Weekend is a special place and time, for us – bettors, punters and sports traders.

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Good morning, dear fans. When you see the names of the teams in the header, I guess the first thing that occurs in your mind is – total Spanish dominance. When two teams from the same country have won the top tournaments in one sport, there should be no other parallel

Casino-Gaming :: Where to Play Bingo

In the United Kingdom many of the old dancing halls were converted into bingo halls that were based on membership until the new Gambling Act regulations became effective. The cyber environment made the game available to people around the world. People who play bingo could play in various land-based environments. This eliminates the element of human error and does away with the need for chips and markers. Land-based play in the United Kingdom, Australia and Ireland was based on the ninety number version.

Players wanting more information about where to play bingo should consult a good informational bingo portal. This kind of site provides information about the games, special, promotions and other offers as well as the latest news in the bingo world.

Today, many land-based bingo halls make the game available on hand held bingo machines. Players need only a personal computer with a higher speed Internet hook up and membership in an online playing site, and today, there are hundreds of online playing sites to choose from. Player can also join a mobile bingo hall and play bingo on their cellular handset. The player just dials the local number in whatever country she is in.

In the United States and elsewhere, people played the seventy-five number version in land-based play. Since many bingo players are smokers, they stopped attending the land-based session. The game became popular as a form of church fund raising during the depression. Most bingo is in the form of charitable fundraisers for churches and other organizations.

The popular game of bingo can be enjoyed in a variety of different ways. Because of its use as a charitable fund raiser, bingo has been an acceptable form of gambling to most people. When the game is played for money, it is a game of gambling, although many people enjoy the game without the use of money. They were a popular form of entertainment for many players until the smoking ban became effective. There are bingo parlors in Nevada, Atlantic City and the various Indian Reservations where anyone can ply. Sites are available in different languages and accept multiple currencies. Players have the opportunity to play both versions of the game on the Internet.. No matter where the game is played, and whether it is played for real money or not, the game is fun and provides an enjoyable form of entertainment for people.

IN 1996, bingo became available on the Internet

Advice on Sports Betting

Betting Through Bank

Choose a system which is already proved

Discipline

Becoming triumphant at gambling on games is attainable but having an approach and fastening to it is vital for that to occur. Afforded your method is a winner and your gambling pool and gambling plan is appropriately worked out inside that scheme, then ultimately your losing stripe will twist around and your method will become lucrative once more. Here are presently a few oddments of sports gambling guidance that will assist you return from this potentially productive marketplace.

Sports betting champ provide unique content related to betting which will guide you on your journey toward a perfect bettor. It must not be also complex. It is when effects start to go erroneous and you have go on boarded upon a trailing stripe that the regulation of sticking to your scheme and staying inside your betting plans suits the most hard thing to do. To know about different sports betting techniques visit this link.

The most significant piece of games betting suggestion I can provide you is – find a scheme that is a confirmed victor. The accessible funds must be ample enough to coat any trailing stripe you may have and sufficient to gradually pick up flipside into profit. If your methods are so perplexing that you are unsure you are receiving it precise then, noticeably it is useless to you.. It should be one that has revealed to return constantly over a long phase of instance.

If are not somebody who can waited restricted and alerted on whatsoever betting approaches you are with then you ought to not even think taking it up as a severe alternative. A betting plan must typically be from 1% to 2% for a method that entails you to enlarge your gambles after a slaughter and from 5% to 10% for a method that remains level bets at all instance. This is a vital piece of games betting guidance.

Author’s Bio: 

Your gambling bank or staking arrangement must be worked out in combination with your gambling methods

China investors aiming at arbitrage profits make Hong Kong shares soar | Reuters

Hong Kong’s

Growth Enterprise Market(GEM) shot up over 10 percent

in the same period, its biggest weekly gain in nearly six years.

PUMPING IN LIQUIDITY?

This propelled the Hang Seng China Enterprises Index

up 5.8 percent, following a 6.43 percent gain last week, and

helped the Hong Kong exchange reach record volume on Wednesday.

Invesco Great Wall Fund Management Co is launching China’s

first actively-managed mutual fund to invest via the

Shanghai-Hong Kong Connect, describing the Hong Kong market as a

“gold mine”, and “a low-lying land” in terms of valuation.

Borsera Asset Management Co plans to launch a similar fund this

month.

“Water flows downward. The

Shanghai-Hong Kong stock connect not only failed to narrow the

premium after its November launch but actually widened it as

Chinese retail investors declined to move money south.

LARGE PRICE GAP

* Previous attempts failed on tepid demand for HK shares. Several days

later, China allowed insurers to buy shares listed on GEM.

“The current huge valuation gap and the excessive liquidity

in mainland funds is raising interest in Hong Kong stocks,” said

UBS strategist Lu Wenjie, noting Chinese small-caps trade at

around 100 times earnings on average, compared with just 10

times for Hong Kong peers.

David Dai, Shanghai-based investor director at Nanhai Fund

Management Co, a hedge fund, said he would buy Hong Kong shares

in part because he thinks valuations on mainland exchanges are

overheated.

As a result, mainland-listed blue chips are now about

one-third more expensive than their Hong Kong versions – as

measured by the China-Hong Kong price premium index -

while Chinese dual listed small-caps trade at a premium of 10

times the cost of the same company’s shares in Hong Kong.

On Wednesday, Chinese investors used the entire 10.5 billion

yuan ($1.69 billion) daily investment quota for

buying Hong Kong stocks under the Shanghai-Hong Kong Stock

Connect scheme for the first time.

“There are not many good investment opportunities here, so

we would naturally want to hunt for new targets elsewhere,” he

said.

Including Wednesday’s gains, China’s CSI300 index

has soared 92 percent during the past year while the Hong Kong

China Enterprises Index is up 29.8 percent.

“Regulators seem to be very supportive for local funds to

invest in Hong Kong and … there’s real demand and real

interest from local investors.”

In the past, arbitrage opportunities proved a mirage. So lowly-valued Hong Kong stocks are

becoming increasingly attractive to mainland investors,”

Borsera’s fund manager Zhang Xigang said, predicting that

China’s mutual fund industry would soon start pumping liquidity

into Hong Kong.

Shanghai-based hedge fund manager Xia Xiaohui thinks such

price differences cannot last.

($1 = 6.1930 Chinese yuan)

SHANGHAI, April 8 Chinese funds are snapping up

shares in Hong Kong, betting that a link-up between the Shenzhen

and Hong Kong stock exchanges, and easier access for

institutional investors, will yield quick double-digit or even

triple-digit arbitrage profits.

China’s 5 trillion yuan ($807.36 billion) mutual fund

industry is already getting into position.

“With such a big price gap, why don’t I buy stocks in Hong

Kong, especially if it’s the same company?” said Xia, chairman

of Liuhe Capital, which has started buying Hong Kong stocks.

* Investors see HK shares as less bubbly than mainland

stocks

(Reporting by Samuel Shen and Pete Sweeney; Editing by Nachum

Kaplan and Richard Borsuk)

* Funds trying to arbitrage major price differences

By Samuel Shen and Pete Sweeney

* Chinese funds buying HK shares ahead of Shenzhen pilot

“With the two markets increasingly connected, this is an

obvious arbitrage opportunity.”

But this time may be different. The mainland market is now seen as bubbly without growth,

while Hong Kong has value but lacks liquidity, he said.

Domestic fund managers say they are seeking to exploit a

major pricing imbalance between the markets, the result of a

mainland rally that until now showed little sign of spilling

over into Hong Kong.

Small caps expected to become eligible for mainland

investment when the Shenzhen leg of the stock connect opens -

anticipation is for this year – benefited even more. In late March, China’s

securities regulator improved access, letting mainland mutual

funds invest in Hong Kong shares via the connector