Chinese brokers set for Stock Connect boost

The scheme, which launches on Monday, will generate Rmb5b ($833m) in extra revenue for mainland brokers in the first year, according to Moody's.

Chinese brokers set for Stock Connect boost

The Shanghai-Hong Kong Stock Connect scheme launches on Monday with the issue of capital gains tax now resolved.

Brokers have already begun offering incentives in an attempt to grab business and it remains to be seen how successful they will be. Very, according to analysts.

The scheme will generate Rmb5 billion $833 million in additional revenue for Chinese brokerage houses in the first year, equal to 6.6% of what they raked...

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