Shenzhen Connect unlikely to be a big draw: money managers

Hong Kong

A PLAN to connect the giant stock markets of Shenzhen and Hong Kong offers global investors tempting access to China's fast-growing tech sector, but high valuations and a reputation for wild speculation are likely to keep many buyers at bay, money managers said on Wednesday.

China's cabinet approved the long-awaited scheme on Tuesday, marking one of the country's biggest capital market reforms in over a year, though a launch date has yet to be set.