(From South China Morning Post)
Byline: David Robinson
The easing of mainland restrictions for individual travellers has driven Hong Kong stocks higher recently in the hope that millions of big-spending tourists will help revitalise the territory's economy.
While analysts do not doubt the economic benefits the expected rush of new capital will bring, many are sceptical about how wide ranging its effect will be on the equities market.
Investment bank JP Morgan expects arrivals from across the border to rise to nine million this year and 11.8 million next year, while CLSA predicts spending in the territory could increase by $12 billion - or …