Shanghai considers joint trading with Hong Kong

The chief executive of the Shanghai Stock Exchange said the bourse was "seriously studying" ways of allowing Hong Kong investors to buy domestic shares, the Financial Times reported. Zhu Congjiu made the comments on the sidelines of the Chinese People's Political Consultative Conference but cautioned that it was unclear what such a move would do for the country's capital controls. Last month, Fang Xinghai, the city official tasked with turning Shanghai into an international financial center, first floated the idea of having the same shares tradable in both markets. He argued that it would help avoid market bubbles in the domestic market and promote better corporate governance.