Mechanics of HK, Shanghai stocks-link unveiled
Authorities release draft regulations for the pending scheme to link the two bourses, although updates on taxation and how trades can be placed are still to be announced.
The securities regulators and stock exchanges of Hong Kong and Shanghai have released further details on the mechanics of their Stock Connect programme, although questions remain over taxation.
The regulators announced their own draft regulations for the landmark scheme, which links the two bourses and allows institutions and wealthy people to trade cross border. The initiative was unveiled by Chinese premier Li Keqiang on April 10, as reported.
It has been confirmed that quota …
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