China aims to launch Hong Kong-Shenzhen stock connect before year-end: PBoC

[SHANGHAI] China is set to launch a trading link between Hong Kong and Shenzhen stock markets before year-end, the central bank governor said in a comment on Wednesday, suggesting the scheme will not be delayed by the recent stock market turmoil.

The remarks by Zhou Xiaochuan were published on the People's Bank of China website.

Technical preparations have been completed for the connect which is subject to approval from China's regulators, Charles Li, chairman of Hong Kong Exchange & Clearing said in August.

Late last year, Hong Kong and Shanghai launched a landmark trading scheme, which allowed foreign investors direct access to mainland listed stocks.

REUTER