Shenzhen-Hong Kong Connect “Technically Ready” for Launch, Awaiting Regulatory Approval
August 15, 2016
The HKEx CEO announced that the Shenzhen-Hong Kong Stock Connect program is technically ready for implementation and is awaiting regulatory approval. The scheme represents the continued internationalization of China’s capital market, giving foreign investors access to small and medium cap names–one of the fast-growing sectors of China’s economy.
In more neutral news, Tier 2 cities promoted new property cooling policies while the CBRC implored banks to report on key business areas to improve sector transparency.
Topics Covered: Property Market, Shenzhen-Hong Kong Connect, Supply Side Reform, Banking Reform, Inflation
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