The Chinese and Hong Kong regulators have approved a long-awaited plan to connect the Hong Kong and Shanghai stock exchanges.
The move will allow investors to trade across the border for the first time and is set to begin on 17 November.
Till now, foreign access to China’s stock markets is closely managed, mainly through a quota program for institutions that represents a sliver of the overall market.
It will give global investors access to Chinese stocks from Hong Kong, potentially resulting in $3.8bn worth of trades per day.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData