Shenzhen, HK to link this year
Print Edition
CHINA’S securities watchdog hopes to launch a stock connect scheme between the Shenzhen and Hong Kong bourses this year.
The scheme will allow investors to trade on both bourses under a quota system and is seen as a move toward a closer relationship between the financial markets of Hong Kong and the Chinese mainland, Fang Xinghai, deputy head of the China Securities Regulatory Commission, said yesterday.
China established the Shanghai-Hong Kong Stock Connect in November 2014 to open the mainland capital market to the outside world. It has operated steadily since its launch.
The Shenzhen-Hong Kong Stock Connect was only one of the plans in intensifying the mainland and Hong Kong financial cooperations, Hu Zucai, deputy director of the National Development and Reform Commission said.
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