Investors Eye IPO Access as Hong Kong Stock Link Turns 10 [Yahoo! Finance Canada]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
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Source: Yahoo! Finance Canada
(Bloomberg) -- A decade after China opened up its exchanges to a broad swath of international investors through a trading link with Hong Kong, investors are craving deeper access. Most Read from Bloomberg With billions of dollars worth of trading volume flowing across the border between Hong Kong and Shanghai and Shenzhen on a daily basis, the stock connect has been a success. While the link was later expanded to include bonds, exchange traded funds and interest rate swaps, it has yet to allow investors to access the primary market, or initial public offerings. Charles Li, one of the key architects of link as then chief executive officer of the Hong Kong Exchanges & Clearing Ltd., said that opening up the primary market was always the ultimate aspiration. “There is even a greater future for Stock Connect” to allow Chinese investors to subscribe to Hong Kong IPOs and vice versa, Li, who stepped down as CEO in 2020, said in an interview. The idea of allowing Chinese investors
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