Mutual market access plan a key step for China

A move to allow mutual market access between stock exchanges in Hong Kong and Shanghai will narrow the valuation gap between the two.

Mutual market access plan a key step for China

A move to allow Hong Kong investors the ability to buy shares on the Shanghai stock exchange and vice versa is being hailed as a big step forward in the opening up of China.

The mutual market access plan was reported by mainland newspaper 21st Century Business Herald, while another local newspaper said the first quota of the mutual investment could be $50 billion.

A source close to one of the...

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