Chinese capital finds channel in HK stocks via exchange links
Fresh funds could boost HK market as investors look south while Beijing clamps down on outflows
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Hong Kong
AS CHINA tightens its grip on capital controls, one state-sanctioned haven from a weakening yuan is drawing attention.
Mainland investors will turn to buying Hong Kong stocks through cross-border exchange links as other ways of purchasing overseas assets become more difficult, said Kenny Tang, vice-chairman at Jun Yang Financial Holdings Ltd. An increase in flows would provide a boost to a stock market that has trailed global peers over the last four years, he said.
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