Insurers set to flood in as Shenzhen Connect gets nod
The equity trading link will go live on December 5, with Chinese insurance firms expected to boost flows into Hong Kong and hedge funds showing interest in Shenzhen stocks.
The launch date for the Shenzhen-Hong Kong Stock Connect has been confirmed as December 5, with Chinese insurance firms and foreign hedge funds tipped as key early users of the trading link.
The Chinese Regulatory Securities Commission (CSRC) and Hong Kong's Securities and Futures Commission (SFC) announced the date around 7pm local time today, saying they had finalised the approvals and arrangements.
The move is another step in the rapid opening up of China's capital markets. I…
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