Hong Kong-Shanghai Stock Connect indefinitely delayed
October 27 , 2014
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.