HK-Shanghai Stock Connect on track for October launch

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By Rev Hui
28 Aug 2014

The mutual market access (MMA) equity trading scheme between Hong Kong and the Shanghai Stock Exchange (SSE) is on track to launch in October after a successful two day compatibility test for brokers was completed last weekend. But even though the clock is ticking, there remain questions over how investors will be taxed and Shenzhen is also looking to get in on the act, writes Rev Hui.

Announced in April, the MMA scheme — also known as the Hong Kong-Shanghai Stock Connect or the Through Train — is part of China’s wider plan to internationalise the renminbi, promote its global usage and position it as a potential future reserve currency.

On August 26 the Shenzhen ...

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