Private investments made in the early days of a program allowing mainlanders to buy Hong Kong stocks will be small and won’t affect the Shanghai and Shenzhen A-shares market , Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC) , told a global economic conference September 6.
Shang said allowing private investments in Hong Kong will provide “constructive help” to balance China’s international payments and expand channels for a flow of capital from the mainland. The securities chief said the Hong Kong stock -buying program, announced in August, is currently being evaluated and refined. A launch date has not been announced.[Full Text]