ChinaOpens Shanghai Stock Market to Hong Kong
From VOA Learning English, this is the Economics Report.
Investors in Hong Kong and Shanghai may now invest in a limited group of securities on either city's stock exchange. C. K. Chow is the chairman of Hong Kong Excha颠痫哪里治nges and Clearing. He called the move “a breakthrough in the opening of China’s financial markets and an important milestone in the development of Hong Kong.” He said the new way to invest made Hong Kong a gateway between mainland China and international investors.
香港和上海的投资者也许可以在任何一个城市的证券市场进行一定限额的证券投资。C. K. Chow是香港交易所的主席，他称这一举动是打开中国金融市场的一个重大突破，也是香港发展的一个里程碑。”他表示这是香港吸引大陆和国际投资者一种新的投资方式。抽筋是不是得了癫痫
The Shanghai-Hong Kong Stock Connect gives investors the ability to buy stocks listed in mainland China. It also permits Chinese investors to buy stocks listed in Hong Kong.
There are limits, however, to the value and the kinds of stocks that can be traded. Investors may trade only a total of $3.8 billion-dollars-worth 北京癫痫病专科医院电话of stocks each day.
Julian Evans-Pritchard is a China economic expert at Capital Economics based in Singapore. He told VOA’s Victor Beattie that the move to open the stock exchanges to each other was important. But Mr. Evans-Pritchard noted that the total value of stock that can be traded is a relatively small quota.
“The immediate impact of the scheme is not likely to be that big and that is partly because regulators are taking a very cautious approach to limiting the quota to about one percent of the market capitalization of each market.”