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China To Expand Cross-Border Stock Connect With HK -Securities News

MNI (Singapore)

China's securities watchdog will expand the number of stocks included in the Stock Connect Scheme with Hong Kong as it promotes the opening up of capital markets to attract more domestic and foreign medium- and long-term funds, the Shanghai Securities News reported citing Fang Xinghai, vice chairman of China Securities Regulatory Commission. More A-share companies will be included in the cross-border Stock Connect, and the CSRC will support the launch of RMB stock trading counters as well as Treasury bond futures in Hong Kong, said Fang. Global depository receipt (GDR) and Chinese depository receipt (CDR) issuance will be improved, and an Exchange Traded Fund between China and Singapore is set to be launched soon, Fang was cited as saying.

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