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| Shenzhen - Hong Kong trading scheme kicks off | Shenzhen - Hong Kong trading scheme kicks off |
| (35 minutes later) | |
| Investors in Hong Kong can buy stocks on the Shenzhen Stock Exchange and vice-versa from today, following the official launch of the Shenzhen - Hong Kong trading link. | Investors in Hong Kong can buy stocks on the Shenzhen Stock Exchange and vice-versa from today, following the official launch of the Shenzhen - Hong Kong trading link. |
| The link was supposed to launch at the end of last year, but was delayed due to Chinese market volatility. | The link was supposed to launch at the end of last year, but was delayed due to Chinese market volatility. |
| Shenzhen has been promoted as a hub for technology and its stock market has been linked to the US-based Nasdaq. | Shenzhen has been promoted as a hub for technology and its stock market has been linked to the US-based Nasdaq. |
| As a result, foreigners will be able to trade shares in almost 900 firms. | |
| Shenzhen is Asia's busiest exchange with monthly turnover of more than $1 trillion, according to the World Federation of Exchanges data. | Shenzhen is Asia's busiest exchange with monthly turnover of more than $1 trillion, according to the World Federation of Exchanges data. |
| China has been working on ways to open up its $6.5 trillion (£5.1 trillion) equity markets to foreign investors. | China has been working on ways to open up its $6.5 trillion (£5.1 trillion) equity markets to foreign investors. |
| Beijing has also been pushing to have its bourses included in global index providers MSCI but their latest bid was rejected in June. | Beijing has also been pushing to have its bourses included in global index providers MSCI but their latest bid was rejected in June. |
| The link up between Shenzhen and Hong Kong follows the launch of the Shanghai-Hong Kong Stock Connect in November 2014. | The link up between Shenzhen and Hong Kong follows the launch of the Shanghai-Hong Kong Stock Connect in November 2014. |
| It allowed international investors to trade in 568 Shanghai-listed A shares, and 315 Hong Kong stocks. | It allowed international investors to trade in 568 Shanghai-listed A shares, and 315 Hong Kong stocks. |
| Hong Kong has benefited from the Stock Connect scheme as mainland investors look to buy overseas assets to counter the weakening Chinese yuan currency. | Hong Kong has benefited from the Stock Connect scheme as mainland investors look to buy overseas assets to counter the weakening Chinese yuan currency. |