Shenzhen-HK stock market link to open

The Financial Times reports Beijing has just signaled that a long-awaited trading link between Shenzhen stocks and Hong Kong’s market is set to open before the end of the year – roughly two years on from the milestone launch of a link with Shanghai. The so-called “Connect” will for the first time allow international investors to trade stocks listed in the southern city, home to many more tech and start-up enterprises than Shanghai, which is known for hosting a greater proportion of state-owned enterprises and banks – neither of which are particularly popular with international investors just now. The Shenzhen link has long been expected by the market, with Hong Kong regulators and the exchange saying they are ready.