From China Daily:
Almost two months have passed since the State Administration of Foreign Exchange (SAFE) announced the launching of a trial program allowing mainland residents to directly invest in stocks traded on the security market in the Hong Kong Special Administrative Region (SAR).
Dubbed as the “express train to the Hong Kong Exchange”, the project would open for the first time private investment in overseas security markets. Its start, originally scheduled in September, has now been delayed and guesses abound about its initiation.
Many analysts in Hong Kong said that the permission would result in sweeping changes to the stock markets in the SAR and the mainland and boost prosperity for the two. The Hong Kong stock market was also of similar view. [Full Text]
Yi Xianrong (ÊòìÂÆ™ÂÆπ) is a researcher with the Institute of Finance and Banking at the Chinese Academy of Social Sciences.