The Shenzhen-Hong Kong connect will give investors in the city access to stocks on the Shenzhen Stock Exchange, where many Chinese technology companies are listed. The program has been awaited for more than two years following the launch of the Shanghai-Hong Kong connect in November 2014
The link’s start was announced by regulators amid the yuan’s biggest monthly decline against the U.S. dollar since a one-time devaluation in August last year. The Shanghai and Shenzhen connections are a key part of China’s push to internationalize its currency and should also help the country’s stocks integrate into the world’s markets. When MSCI Inc. in June rejected the nation’s shares for inclusion in its global benchmarks, among the issues it cited were barriers facing foreign investors wanting to trade in China.
Link: Hong Kong-Shenzhen Stock-Trading Link to Start on December 5
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