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China Approves Brokerages to Start HK-Shanghai Trading

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China approved brokerages including Central China Securities Co. to offer trading services that pave the way for the start of a program allowing investors in Shanghai and Hong Kong access to each other’s stock markets.

Central China shares surged the most on record after it won approval from Shanghai’s exchange to offer services enabling the trade of yuan-denominated A shares under the Shanghai-Hong Kong Stock Connect. Brokerages from China Galaxy Securities Co. to Haitong Securities Co. also received permission, the Securities Daily reported today.