Four-way agreement puts Stock Connect a step closer to launch

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Four-way agreement puts Stock Connect a step closer to launch

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sunset at shanghai china, huangpu river and bund. | kalafoto - Fotolia

Hong Kong's and Shanghai’s stock exchanges and clearing houses finalised on Thursday an agreement to set up their Stock Connect mutual equity trading scheme. The pilot initiative will work alongside the successful RQFII quota programme to lay the foundation for the gradual opening of China’s capital account.

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