China’s Stock Exchanges Game Changer
China announced a major game changer in the world of stock exchanges. Allowing direct shares trading between the two financial hubs of Hong Kong and Shanghai could be in place within six months. The program titled as the “Shanghai-Hong Kong Stock Exchanges Connectivity Mechanism.
Combined daily cross-border trading $3.78 billion US Dollars (€2.73 billion) is a major signal to attracting foreign investors and continued integration of Hong Kong to mainland China. The goals are ambitious to be the largest stock exchange in Asia.
GBAC’s Platinum League of Audit Committee Executives has been advising clients to monitor this integration with caution for liquidity issues.
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