shanghai stocks: He explained that if overseas investors bought Shanghai stocks and sold them through Shanghai-HK stock connect, their money will go back to Hong Kong and they can not get their money out in Shanghai to invest in local property, and vice versa, according to Global Times China. The two connects are designed in a safe and closed way to control risks, he said. The core in the two links is cross-border trading, rather than cross-border clearing or settlement, he told a forum on Shenzhen-Hong Kong stock connect. The Shanghai-Hong Kong stock connect was launched in November 2014 to allow international investors to buy A-shares in Shanghai via Hong Kong stock brokers, while mainland investors can invest in Hong Kong stocks via mainland brokers, under daily quota. All parties involved in stock markets are well prepared for the launch of the new cross-border trading scheme and waiting for the starting gun, said Li. The new link between Shenzhen and Hong Kong stock markets was approved by the State Council in August, but the authorities are yet to announce a specific launch date.
(news.financializer.com). As
reported in the news.
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