Hong Kong Stock Connect Program Expansion to Lure Overseas Firms
- H.K.-listed foreign firms to be included in southbound trading
- Positive impact on HKEX may not be immediate: Morgan Stanley
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Hong Kong’s ability to attract more international listings to its stock exchange will get a boost with the planned expansion of its cross-border trading program with China that will allow investors from the mainland to buy and sell shares in foreign firms.
The China Securities Regulatory Commission will push for inclusion of more such companies in the Stock Connect program, Vice Chairman Fang Xinghai said at a forum in Beijing on Friday, without specifying the timing for the rules change.