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Shenzhen-HK stocks work group established

China's securities regulator has set up a special work group tasked with launching the Shenzhen-Hong Kong Stock Connect scheme, financial magazine Caixin reported. The group, headed by Fang Xinghai, vice-chairman of the China Securities Regulatory Commission, is responsible for coordinating efforts among various departments within the CSRC, relevant government bodies as well as between mainland and Hong Kong regulators, according to Caixin. The Shenzhen-Hong Kong Stock Connect is an investment program modeled after the Shanghai-Hong Kong Stock Connect, which was launched in November 2014, and allows mainland investors to buy Hong Kong stocks, and vice versa.

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