Mainland, HK bourses need more closer ties

Better cooperation beneficial for both sides in the long term, say experts

While trading houses on the Chinese mainland and the Hong Kong stock exchange have told different stories in terms of market vitality during the first three quarters of the year, closer ties should be forged to facilitate the long-term development of companies in their exchanges, accounting services major Deloitte said.

The A-share market is expected to record 127 initial public offerings in the third quarter of 2019, up 46 percent year-on-year, Deloitte's third quarter IPO report said. The total financing of these companies is expected to amount to 140.1 billion yuan ($19.7 billion), up 20 percent from a year ago.