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Shenzhen-Hong Kong Stock Connect is ready to roll out soon - MNI

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - As reported by China Securities Journal via MNI, the Shenzhen-Hong Kong Stock Connect is ready and could be rolled out after checks by the relevant departments of the central government, Hong Kong Financial Secretary John Tsang Chun-wah said during a visit to Beijing.

    However, “it could still take a few months for the system to be tested after the launch. It was hoped the Shenzhen-Hong Kong Stock Connect could have started in October but heavy selling on the mainland stock market and yuan volatility delayed the introduction of the system.”

    This could be one of the reasons, besides a weaker yuan, for the recent resilience in the Chinese stock markets.
    For more information, read our latest forex news.
     

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