Stocks News
- Mainland, HK discuss stock plan risks
Date: 15-Nov-2007 Sources: (Shenzhen Daily)
REGULATORS from the mainland and Hong Kong discussed the risks of introducing a program allowing mainland individuals to invest directly in the city's equities, Hong Kong Monetary Authority Chief Executive Joseph Yam said yesterday.
The officials assessed threats to the two stock markets from a flow of funds across the border and how to educate mainland investors, Yam said after meeting Liu Mingkang, chairman of the China Banking Regulatory Commission in Beijing. The Central Government announced Aug. 20 a pilot program under which nationals with a Bank of China Ltd. account in Tianjin would be allowed to buy Hong Kong equities, known as the 'through train'' plan. The Hang Seng Index has surged 42 percent since then and Premier Wen Jiabao said Nov. 3 that the government needed more time to assess the risks to the stability of Hong Kong's financial system.
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