China strengthens commercial relations with Hong Kong

Friday 11 April 2014 00:44 CET | News

China has decided to issue new measures in respect to Hong Kong in order to allow cross-border stock investment between the two countries.

Chinas regulator said it would allow mainland investors to trade shares in designated Hong Kong-listed firms. Hong Kong investors, likewise, will be allowed to buy shares in companies listed in Shanghai.

The pilot project will launch after a preparation period of nearly six months. During the trial period, Hong Kong investment in Chinese stocks will be limited to a daily quota of USD 2 billion (CNY 13 billion). Mainland investment in Hong Kong stocks will be limited to a daily quota of USD 1.7 billion (CNY 10.5 billion).

The pilot scheme will also limit trading to companies already dual-listed in Shanghai and Hong Kong, as well as other selected blue chip companies.

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Keywords: China, Hong Kong, ecommerce, measures, stock investment, regulator
Categories: Payments & Commerce
Countries: World
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