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Investors seeking delay to Hong Kong-Shanghai stock tie-up

They say trading not possible next week because of uncertainty over technical issues and taxation concerns

Published Wed, Oct 22, 2014 · 09:50 PM
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Hong Kong

SOME of the world's biggest banks and asset managers have asked the Hong Kong securities regulator to delay a landmark China stock trading link that could generate billions of dollars of trade a day due to uncertainty over the scheme rules, according to a letter seen by Reuters.

The Hong Kong-Shanghai stock connect scheme, a milestone in the opening up of China's capital markets, was widely expected to go live next Monday, but the letter sent on Friday by the Asia Securities Industry & Financial Markets Association (ASIFMA) could push its debut to late November.

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