Friday, July 25, 2014   

Premier Li gives blessing to Shanghai-HKEx stock trading link
(04-10 12:26)

China will create conditions to establish a Shanghai-Hong Kong stock exchanges connectivity mechanism, Premier Li Keqiang said today.
The move aims to promote two-way opening-up and healthy development of the capital markets on the mainland and Hong Kong, the premier said at the opening ceremony of the 2014 annual conference of the Boao Forum for Asia in southern Hainan Province.
“We will carry out a new round of opening-up at a high level," Li said, adding that an important part of this endeavor is to further open up the service sector, including the capital market.
Last week, a media report said that Hong Kong Exchanges and Clearing and the Shanghai Stock Exchange were to couple the trading systems so that investors may trade on stocks in both exchanges.
Li said China will introduce a system of listing government powers, consider the adoption of a management model based on a negative list approach, accumulate useful experience through the development of the China (Shanghai) Pilot Free Trade Zone and spread it to other areas.
“This will enable us to expand market access, foster a better business environment to unleash greater dividends of reform, spark social creativity and stabilize market expectations," Li said.
The four-day conference features the theme “Asia's New Future: Identifying New Growth Drivers" this year.—Xinhua/The Standard

   
Other Business breaking news:
Hong Kong shares end at three-year high (07-24 17:20)
Asian shares mostly up on China manufacturing data (07-24 16:52)
Hong Kong shares end 0.71 percent higher (07-24 16:26)
LG profit soars in second quarter (07-24 15:17)
Nikkei reverses early gains (07-24 14:58)
Hang Seng up at mid-day (07-24 12:26)
Japan trade deficit expands further (07-24 11:38)
SKorea to launch US$40b stimulus package (07-24 11:18)
Nikkei up by break (07-24 11:09)
China factory activity jumps to 18-month high: survey (07-24 10:53)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.