Cross-border stock program offers change at the margin
By Oswald Chan | China Daily | Updated: 2014-10-15 08:27
The program will permit trades such as short selling by overseas investors, reports Oswald Chan in Hong Kong.
The Shanghai and Shenzhen exchanges were allowed to offer short selling and margin trading starting in March 2010 as they sought to deepen and diversify investor participation. Now, investors from Hong Kong and overseas markets will be able to follow these practices in Shanghai as well, with some conditions.
At the start, the Shanghai-Hong Kong Stock Connect program will allow trading of 266 Hong Kong-listed companies and 568 Shanghai-listed A shares.
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