Launch stock link ASAP, says adviser
2015-March-5 Source:
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Political adviser Ma Weihua proposed Tuesday the Shenzhen-Hong Kong stock link be launched as soon as possible Tuesday at the annual session of the CPPCC.

As the former president of China Merchants Bank, Ma believes that the stock connect between Shenzhen and Hong Kong in the experimental zone of Qianhai in Shenzhen will make it more accessible for Chinese mainland investors to purchase stocks in Hong Kong, which he sees as the right move for the country.

"Thanks to its location and the favorable policies, the Qianhai Free Trade Zone can accelerate the internationalization of the Chinese RMB and therefore boost the financial development of China, as Shenzhen is also an essential stock exchange with diversified products such as small caps stocks, enterprises with growth potential and technology-based stocks," said Ma.

Ma stated that the total amount of cross-border loans registered in Qianhai reached 73.8 billion yuan (US$11.99 billion) last November since it began pioneering cross-border loans nationwide in January 2013, making Hong Kong, where the loans primarily came from, a promising prospect for mainland investors.

Editor: Olivia
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