A much-heralded joint venture between the Hong Kong and Shanghai stock exchanges has been hit by delays, as the partnership waits to gain final approval from the Chinese authorities.
The link between Hong Kong Exchanges and Clearing (HKEx) and the Shanghai Stock Exchange, which will give each of them access to the other’s equities markets, will not start on Monday as anticipated.
Known as Stock Connect, it is the most significant development in China’s domestic markets for many years as the country opens up its capital account.
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