An historical day in China and Hong Kong as trading link program was initiated today between the two countries that allow investors to trade on both exchanges.
The program is part of the larger picture of more an open and accessible Mainland China (FXI, quote) capital market. Its estimate that the cross country transactions and see upward of billions of dollars per day in trades.
Chairman Xiao Gang of the Chinese Securities Regulatory Commission or CSRC call the trading link a "major institutional innovation" in capital markets during a the initiation ceremony.
China’s market jumped on the new start of the trading link pushing the Shanghai Composite Index higher by 1.13% at the open
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