Stocks News
- HK stock plan on track: researcher
Date: 30-Nov-2007 Sources: (Shenzhen Daily)
THE government will definitely go ahead with a delayed program allowing mainland residents to buy Hong Kong shares directly for the first time, a government adviser said Thursday.
When the program does kick off, people will be able to invest through more banks and in more cities than envisaged in the original proposal, which tagged Bank of China's Tianjin branch as the sole investment conduit. 'As the program is part of opening the capital account, it's for certain that China will push ahead with it unswervingly,'said Li Yang, a researcher with the Chinese Academy of Social Sciences and an ex-member of the central bank's monetary policy committee.
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