China, HK bourses to jointly tackle cross-border speculation: paper

Shanghai

THE Shanghai, Shenzhen and Hong Kong stock exchanges are coordinating supervision over illegal trading activities as speculative Chinese money is flowing into Hong Kong via the stock connect schemes to skirt rules on the mainland, the official Shanghai Securities News reported on Wednesday.

Chinese money was blamed for volatility in Hong Kong-listed Meitu Inc, whose shares surged as much as 28 per cent on Monday, before reversing to end down 11 per cent.