Hong Kong, Shanghai exchanges in landmark trading tie-up

renminbi_pile_230px
By Clare Hammond
10 Apr 2014

The China Securities Regulatory Commission and Hong Kong’s Securities and Futures Commission on Thursday approved a pilot programme for mutual stock market access between the exchanges in Shanghai and Hong Kong. The market response has been overwhelmingly positive, although there are still questions to answer, writes Clare Hammond.

“It looks like mutual trading will start right after the national holiday, on October 8, which is a lovely number for investors as eight means rich," said Steve Wang, head of China research at Reorient Financial Markets. "This is a national day present from Beijing to Hong Kong." ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial