HK chief exec: Shanghai stock connect date coming in "near future"

Hong Kong’s Chief executive Leung Chun-ying said authorities “will announce a formal launch date in the near future” for the continually delayed stock linkup between bourses in Hong Kong and Shanghai, Bloomberg reported, citing a statement made to reporters on Sunday in Beijing after a meeting with President Xi Jinping. China is counting on the planned link between the exchanges, which will allow RMB23.5 billion (US$3.8 billion) a day in purchases, to help liberalize its financial system and increase use of the yuan.