Stock exchanges in Hong Kong and Shanghai are reviewing proposed revisions to how their market linkup is regulated, including lifting of the total quota for cross-border trades, addition of more stocks to the batch available for trading by both sides, and cuts to market holidays, South China Morning Post reported, citing Hong Kong Exchanges and Clearing chief executive Charles Li Xiaojia. Li said more reforms would be carried out when a planned Shenzhen-Hong Kong connect is launched later this year, and said he has been lobbying Beijing to launch cross-border financial derivatives this year to allow investors to hedge their risks under the connect scheme.
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