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Unique identifiers to curb manipulation on HK-China Stock Connect

About 1,900 stocks in Shanghai and Shenzhen can be traded through Stock Connect, and one in five is open to manipulation.

China, anxious to avoid collapsing stocks on its own exchanges, plans to assign unique identifiers to each investor or firm trading Shanghai or Shenzhen equities from Hong Kong through the Stock Connect programme.

HONG Kong has seen its fair share of illiquid stocks that soared amid suspicions of manipulation - only to collapse. Hanergy Thin Film Power Group Ltd is perhaps the most notorious recent example. China is anxious to avoid such explosions on its own exchanges. That's the motivation behind the...

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