launch of through train

Brokers launch Stock Connect turf war

The Shanghai-Hong Kong mutual access scheme starts on November 17 and the land grab for business has begun.

Brokers finally have a date in their diary for the launch of the Shanghai-Hong Kong Stock Connect programme and the turf war has begun in earnest.

From November 17, international investors will be able to trade 568 stocks listed on the Shanghai stock exchange, while mainland investors can invest in 268 stocks listed on the Hong Kong stock exchange.

For brokers this reform means more fees for processing a greater number of trades and a seat at the table as China opens its capital markets.

“The Shanghai-Hong Kong Stock Connect is a major breakthrough in the opening up of China’s financial market and a...

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