Hong Kong regulator says preparations underway for Shenzhen linkup

Hong Kong’s Secretary for Financial Services and Treasury Chan Ka-keung told lawmakers Monday that regulators were preparing for a market linkup between the city’s exchange and that in Shenzhen, though no timetable was given for its launch, South China Morning Post reported. Securities and Futures Commission Chairman Carlson Tong Ka-shing admitted the stock investments from the mainland have not been substantial since the link-up. “But it’s only been three months, we expect turnover to increase in the longer term. We will do a six-month review of the scheme,” Tong said.