In November 2014, the Shanghai-Hong Kong Stock Connect (the ‘‘Shanghai Train’’), a pilot program for establishing mutual stock market access between mainland China and Hong Kong, was officially launched. The new cross-border investment channel established mutual stock market access between Hong Kong and mainland China, allowing Hong Kong and international investors to invest directly in designated securities listed on the Shanghai Stock Exchange (the ‘‘SSE’’), and investors from mainland China to invest directly in designated securities listed on the Hong Kong Exchanges and Clearing Limited (the ‘‘HKEx’’).
Originally published in Bloomberg BNA's World Securities Law Report - February 2016.
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