Stock Connect heralds China's integration with the world
THE recent link-up between the stock exchanges of Shanghai and Hong Kong marks another milestone in China's drive to re-integrate with the international financial system and transform its currency into a global investment medium.
The Shanghai-Hong Kong Stock Connect is a key element in the bridgework being built between China's huge but relatively isolated domestic markets and international investors, and will become increasingly important as more supporting financial infrastructure is created.
Having grown at a breakneck pace for more than three decades, China's economy is now the second largest in the world. If measured using purchasing power parity, China's economic output has already surpassed that of the US.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
Shrinking populations mean a poorer, more fractious world
A new development path for a new world?
First-movers will capture outsized returns in South-east Asia’s biofuels market
The threat of Trumpflation and a Fed war
Sunak’s surprise summer election gamble won’t work
Shell exits Singapore refining: The end of an era?