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Hong Kong-Shanghai Stock Connect indefinitely delayed

  • Hong Kong Exchanges and Clearing shares fell by around 5%, reaching a six-month low, after an ambitious plan to link it with the Shanghai stock market was indefinitely delayed, according to media reports.

    Hang Seng Index too dropped by over 1% in wake of the uncertainty over the delay. HKEx said it had not got the “relevant approval” for the link-up.

    The Hong Kong-Shanghai Stock Connect is seen as a major step in integrating Chinese capital markets with the international financial system.

     

    Tagged as: Hong Kong Exchanges and Clearing, shares, Shanghai stock market, Hang Seng Index, HKEx, China stock market, business news