China State Council approves Shenzhen-HK stock connect

Latest headlines crossing the wires, via Reuters, note that China’s State Council approves Shenzhen-HK stock connect.

Last Friday, the China Securities Regulatory Commission (CSRC) said it was actively preparing for the Shenzhen-Hong Kong stock connect and would launch the scheme sometime this year.

The Shenzhen-Hong Kong Stock Connect is a cross-border investment programme modelled after the Shanghai-Hong Kong Stock Connect, which was launched in Nov. 2014, and allows mainland investors to buy Hong Kong stocks, and vice versa.