Stocks News
- Govt. may narrow access to HK stocks
Date: 17-Sep-2007 Sources: (Shenzhen Daily)
THE mainland's pending program for allowing individuals to invest directly in Hong Kong's stock market will probably be limited to residents of designated cities, the Caijing magazine reported.
The State Administration of Foreign Exchange announced Aug. 20 that mainland residents would be allowed for the first time to invest directly in Hong Kong securities by going through Bank of China's branch in Tianjin. But the program has yet to start as officials work out technical details. In an English-language summary of its Sept. 17 issue, the Caijing said that the program would be expanded beyond Tianjin. 'But policymakers narrowed access to the Hong Kong bourse by excluding investors living outside designated cities,'it said.
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