IN a matter of weeks, a landmark event is scheduled to impact the capital markets of both Shanghai and Hong Kong: the through-train that will link qualified investors in these two financial centres, allowing them direct access to selected stocks on both exchanges, will be launched in October. Some commentary in the financial media has been muted, especially since the Shanghai-Hong Kong Stock Connect scheme was first mentioned as a possibility seven years ago. Furthermore, access mechanisms, such as QDII, QFII and RQFII already exist and are not slated to be shut down as the through-train opens for business. This begs the question - is the through-train indeed as important as some has maintained...
09:59 PM
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