China Allows Some Hong Kong, Taiwan Residents to Trade A Shares
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China said it will allow Hong Kong, Taiwan and Macau residents living in the mainland to open domestic trading accounts, the latest move by authorities to boost Asia’s third-largest equity market.
The rule, which takes effect on April 1, will allow them to open accounts for yuan-denominated stocks, or A shares, according to a statement on the website of China Securities Depository and Clearing Corp., the nation’s clearing house for stock transactions. The change, approved by the securities regulator, is aimed at “facilitating their access to investment in the A-share market,” according to today’s statement.