Hong Kong and Shanghai stock exchanges open trading link
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Version 0 of 1. Stock exchanges in Hong Kong and Shanghai kicked off trading on a cross-border stock trading link that will allow foreigner investors wider access to mainland China’s tightly restricted equity market. Officials in Hong Kong banged a gong on Monday morning to mark the start of trading under the Shanghai-Hong Kong Stock Connect platform, which will let investors buy and sell shares through each other’s exchanges. C K Chow, the chairman of Hong Kong’s stock exchange operator, told guests at an opening ceremony: “Today we are going to witness history.” The stock connect will give individual investors outside mainland China access to the stock market in the world’s number two economy for the first time. Until now, access has been closely managed, mainly through a quota program for institutions. |