Investors seeking delay to Hong Kong-Shanghai stock tie-up
They say trading not possible next week because of uncertainty over technical issues and taxation concerns
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Hong Kong
SOME of the world's biggest banks and asset managers have asked the Hong Kong securities regulator to delay a landmark China stock trading link that could generate billions of dollars of trade a day due to uncertainty over the scheme rules, according to a letter seen by Reuters.
The Hong Kong-Shanghai stock connect scheme, a milestone in the opening up of China's capital markets, was widely expected to go live next Monday, but the letter sent on Friday by the Asia Securities Industry & Financial Markets Association (ASIFMA) could push its debut to late November.
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