China’s stock exchanges are refining Stock Connect but big investors and bankers believe bigger and bolder reforms are needed before the trading link can be easily used as a bridge into China’s A-shares.
Speaking at a FinanceAsia conference on Monday panellists asked for a range of changes to Stock Connect, the trading link between Hong Kong and Shanghai launched in November, including overseas investor access to initial public offerings and clarification of the rules regarding beneficial ownership in China.
“We admit not everything was perfect. I know there are still some concerns,” the Hong Kong Exchanges and Clearing’s chairman Chow Chung Kong said...
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