HONG KONG: The stalled link-up between the Hong Kong and Shanghai bourses hit financial stocks on both exchanges, left investors in the dark about the scheme’s future and raised more questions about Beijing’s patchy record on delivering reform.
The Stock Connect had been expected to go live yesterday, but banks and asset managers complained last week that the scheme rules were unclear, and on Sunday Charles Li, chief executive of Hong Kong Exchanges and Clearing Ltd, said it had not received regulatory approval.
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