SINGAPORE (Aug 17): China has given its approval to establish a stock-trading connection between the Shenzhen and Hong Kong (HK) stock exchanges, the Shenzhen Hong Kong Stock Connect (SZHKSC).

(See China approves Shenzhen-Hong Kong stock connect scheme)

“The much-anticipated Shenzhen-Hong Kong Stock Connect will be a new milestone in Beijing’s liberalising of capital controls in both directions,” states HSBC Global Research’s head of HK/China equity research, Steven Sun, in a Wednesday report.

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