Bovill, the financial services regulatory consultancy, has reacted to the launch of the Shenzhen-Hong Kong Stock Connect.
Rebecca Thorpe, Head of Asia at Bovill, commented:
“The Shenzhen-Hong Kong Stock Connect is a significant breakthrough in a decade - long attempt to open up China’s financial markets. The move will further expose Chinese firms to international practices and regulations but also boost Hong Kong’s global competitiveness.”
“The launch is exciting for foreign investors who will now have access to 880 stocks on one of the world’s busiest exchanges. The new opportunities will come with a number of regulatory challenges as China’s financial markets experience more growth. Moving forward, it is critical for policymakers to communicate with regulators and businesses to ensure that the new connect is successful.”
“This development has been a long time coming but authorities in Asia must continue to look ahead to future innovation and expansion.”
