男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Markets

Shenzhen, HK exchange link on track

By LIN JING/EMMA DAI (China Daily) Updated: 2014-08-27 08:43

A plan to link the stock exchanges in Shenzhen and Hong Kong is "underway", an official from Shenzhen said on Tuesday.

Shenzhen, HK exchange link on track
Shanghai-HK link set to boost arbitrage gains for investors
Shenzhen, HK exchange link on track
Through train for equities to lift capital market sentiment
"Shenzhen will further cooperate with Hong Kong in the financial industry, talent exchange and mutual fund recognition," said Xiao Zhijia, deputy director-general of Shenzhen's Office of Financial Development Service.

Xiao added that the authorities in the southern Chinese city will actively promote the launch of a "through train" stock trading system similar to what is being launched between Hong Kong and Shanghai.

So far, 12,000 enterprises have been established in Qianhai, the special economic area within Shenzhen that is intended to promote yuan liberalization and financial reforms. About 7,000 of these companies are in the financial sector, and 500 are from Hong Kong, Xiao said.

In the first half, Shenzhen's GDP grew 8 percent.

Xiao said that Shenzhen has become a financial center and it will encourage more cooperation with Hong Kong in financial activities, including cross-border share trading.

Xiao did not say at what stage the program is, nor when it might be launched.

A research note from investment bank CLSA said that since the Hong Kong-Shanghai "through train" is scheduled to start in October, the expansion to the other domestic exchanges is just a matter of time.

"The next logical step is for the through train to expand to the other mainland exchanges ... The inclusion of the Shenzhen exchange is likely to come as early as 2015 if the pilot program does well. Shenzhen has more listed stocks and a higher turnover," the note said.

Francis Cheung, managing director of mainland-Hong Kong strategy at CLSA, said it is possible that a stock connect program could be established between Shenzhen and Hong Kong this year.

"As the People's Bank of China plans to open the capital account by 2020, to avoid a massive capital outflow, the authorities have to take a gradual approach, of which the Shanghai-Hong Kong Stock Connect is only a primary test.

"Apart from a Shenzhen-Hong Kong Stock Connect, the Chinese mainland could also open other markets including commodities. The linkages could also be extended to Singapore and New York," he said.

Raymond Yeung, an economist at The Australia and New Zealand Banking Group Ltd, said that the launch of the Shenzhen-Hong Kong Stock Connect will have a positive effect on both markets.

"It is only natural to launch a through train with Shenzhen and Hong Kong, as there are only two stock markets in the Chinese mainland," said Yeung.

He said the basic structure would be quite similar to the Shanghai-Hong Kong Stock Connect, but the scale and stock composition would be different because there are more small and medium-sized companies listed in Shenzhen.

Yeung said that the authorities may not rush to launch a second through train, as they will want to observe the official launch of the Shanghai-Hong Kong program and make any necessary adjustments.

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 南安市| 日土县| 衡南县| 巴东县| 遵化市| 宁明县| 洛扎县| 达尔| 麻城市| 井研县| 县级市| 剑阁县| 凤庆县| 垫江县| 紫金县| 邓州市| 泰和县| 淮北市| 江阴市| 佳木斯市| 凤阳县| 闻喜县| 伊通| 长沙市| 山西省| 华亭县| 惠东县| 东宁县| 花莲县| 雷波县| 繁峙县| 城步| 鱼台县| 同江市| 理塘县| 本溪市| 宁晋县| 蒙自县| 万荣县| 汨罗市| 宝鸡市|