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By Hue Lu François Perrin, BNP Paribas Investment Partners*
It’s the one China’s financial markets have been waiting for…scheduled for launch this quarter, Shanghai-Hong Kong Stock Connect – the initiative by the China Security Regulatory Commis-sion and the Securities Commission in Hong Kong to allow mutual stock market access between the Shanghai and Hong Kong stock exchanges – will mark a major step in Beijing’s overall plan to accelerate renminbi and financial market liberalisation.
Nicknamed ‘the through-train’, the Shanghai-Hong Kong Stock Connect does indeed look destined to create a more effective high-speed line to accelerate the take-up of Chinese equities. Because the reality is that global investors are underweight China relative to...
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