China ap­proves con­nect­ing of Shen­zhen, HK bourses

China Daily (Canada) - - NEWS CAPSULE -

China’s State Coun­cil has ap­proved con­nect­ing the Shen­zhen and Hong Kong stock ex­changes.

Prepa­ra­tion for the Shen­zhenHK Stock Con­nect is gen­er­ally in place, Chi­nese Premier Li Ke­qiang said Tues­day in re­marks at a State Coun­cil ex­ec­u­tive meet­ing. The link will be launched this year af­ter reg­u­la­tory rules and tech­no­log­i­cal prepa­ra­tions are com­pleted, China’s se­cu­ri­ties watch­dog said.

The Shen­zhen-HK Stock Con­nect will help in­vestors to share more of the div­i­dends from eco­nomic growth on the Chi­nese main­land and in Hong Kong and pro­mote a closer part­ner­ship be­tween the two mar­kets while shoring up Hong Kong’s role as an in­ter­na­tional fi­nan­cial cen­ter, Li said.

XIN­HUA

Some 20 artists from around the world are build­ing sand sculp­tures of land­marks of G20 coun­tries to greet the up­com­ing G20 Sum­mit in Hangzhou, cap­i­tal of Zhe­jiang prov­ince. This photo shows a sand sculp­ture of the minia­ture Dis­ney Cas­tle.

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