Brokers are scrambling to be ready for China's October launch of trading between Hong Kong and Shanghai in the hope of securing new clients and boosting revenues.
China’s latest reform, dubbed the Through Train or the Shanghai-Hong Kong Stock Connect mutual market access programme, will lay the groundwork for a unified China stock market.
It will allow foreigners to freely trade and settle eligible shares on the Shanghai bourse and at the same time mainland Chinese investors will be able to buy and sell stocks listed in Hong Kong for the first time.
“Many small or mid-sized funds out of the US and...
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