Shenzhen Hong Kong Stock Connect Gets Central Government Approval

(Beijing) – China's State Council today approved a link between the stock exchanges in Shenzhen and Hong Kong, creating a connection that will allow Chinese and foreign investors to buy and trade select securities in the other's market within preset quotas. The long-anticipated system will be modeled on an existing link between the stock markets in Shanghai and Hong Kong, which began in late 2014 and further open the mainland's stock market to foreign investors.