Shenzhen-Hong Kong Stock Connect receives green light
The long anticipated Shenzhen-Hong Kong Stock Connect has received government approval from the Chinese State Council today.
Premier Li Keqiang commented: “The preparation for the launch of Shenzhen-Hong Kong Stock Connect has been basically completed, and the State Council has approved its implementation plan.”
The project underwent a pilot test at the end of 2014, and since then has withstood its market test with steady performance, positive feedback, and all its expected targets achieved.
The planned launch of the Shenzhen-Hong Kong Stock Connect, based on the successful Shanghai-Hong Kong Stock Connect, marks another steady step towards building a law-regulated capital market with international features, which has positive significance in many aspects, Premier Li Keqiang said.
The project’s launch date is still to be announced, with a government report earlier this year stating that “the Shenzhen-Hong Kong Stock Connect will be launched at an appropriate time.”
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