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Yesterday the Chinese securities regulator and the Hong Kong financial regulatory authorities have announced that they are approving the deployment of a stock connect bridge between Shenzhen and Hong Kong. The creation of such a facility will further bolster the development of capital markets in Mainland China.
The move will fully connect all of the country’s stock exchanges – Hong Kong, Shanghai and Shenzhen. The China Securities Regulatory Commission (CSRC) and the Securities and Futures Commission (SFC) are making the move to unify the country’s three stock exchanges and provide a more open access to capital markets in the country.