Shenzhen-HK connect's false dawn frenzy

China's central bank governor implied that the long-touted trading link between Shenzhen and Hong Kong would kick off within weeks. Except he didn't. Investors still got excited.

Falsely raised hopes of a quick start to the long-touted trade link between the Shenzhen and Hong Kong bourses sent share prices soaring in China on Wednesday, exposing investors' pent-up buying interest after a difficult summer's trading.

In remarks later dismissed as out of date Zhou Xiaochuan, the head of the People’s Bank of China, was cited on the central bank website as saying that the Shenzhen-Hong Kong stock connect trading link would kick off this year.

“As we accelerate China’s opening up of trade and investments, we need to speed up the opening of the financial sector as well,” Zhou wrote in the online article. “This...

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