The Shenzhen-Hong Kong Connect, a long-awaited stock trading link, has been approved by State Council officials in Beijing, allowing international investors to trade stocks listed in the southern city for the first time.
According to the Financial Times, the link is likely to open by the end of the year and it will allow global investors to access the stockmarket in Shenzen, a southern Chinese city that houses a number of state-owned enterprises and banks, and to more technology and start-ups than Shanghai. EFG's Mok: The investment opportunities in China's booming tourism sector The link has been long anticipated by markets, and with final testing and preparatory work expected to take three months, the link could be open by November. Hong Kong regulators and its exhange have previously said they a...
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