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China plans to link the stock exchanges of Shanghai and Hong Kong

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April 10, 2014 13:45   Last Updated: April 10, 2014 13:45

 

 
 
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She said those financial regulators in China, it would allow investors to trade in shares of companies listed in Hong Kong, at the same time will be allowed for investors in Hong Kong to buy shares of listed companies in Shanghai. , and will be limited to the daily value of trading in Chinese stocks in the trial period to 13 billion yuan (2 billion dollars), while will be limited in Hong Kong shares on the 10.5 billion yuan.Analysts said the "BBC" This step refers to the growth of the confidence of the Chinese central bank in the implementation of its promises to allow market forces to play a greater role in the economy and markets. , and this step will enhance China relationship with the stock market in Hong Kong, through some new measures that allow investment in equities across the border between Hong Kong and Shanghai. said prime ministers of China, "Keqiang" forum Boao for Asia in Hainan island south of the country, "China will witness an active Mahloza result create conditions for the establishment of a mechanism to link the stock exchanges of Shanghai and Hong Kong. Zhao said CK, Chairman of Hong Kong Stock Exchange represented the initiative "a major breakthrough for open capital markets in China." said Zhao: "We believe that this development would pave the way for more the openness of capital markets mainland China and help promote the internationalization of the RMB [yuan]. " In the last month, China loosened its grip on the yuan by doubling the daily trading range for its currency against the U.S. dollar.

 

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