China's stance on shareholder rights welcomed
Hong Kong
FOREIGN investors have welcomed assurances by China's securities watchdog that their shareholding rights are recognised in the country, in a development that should boost trading on a landmark Hong Kong-Shanghai trading link. The so-called Stock Connect project went live in November, allowing foreign investors to buy and sell Shanghai shares via the Hong Kong Exchanges & Clearing (HKEx) for the first time.
Many European funds have been unable to participate in the scheme, however, due to concerns among their home regulators in Luxembourg and Dublin that foreign investors' rights may not be enforceable under Chinese law.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’