THE WHAT? The Shanghai, Shenzen and Hong Kong stock exchanges have upped their cross-border trading programs by more than 40 percent, or some 1,000 stocks, and greenlit southbound trading of eligible shares of international companies with primary listings in Hong Kong, according to a report published by Nikkei Asia.
THE DETAILS Among those to be added to the southbound stock connect list is L’Occitane. Its shares will be accessible to Chinese mainland investors from today.
THE WHY? Nicolas Aguzin, Hong Kong exchange CEO, said in a statement, per Nikkei Asia, “The expansion of both the southbound and northbound stock connect to include more companies is great news for the market and for investors. This is the next significant milestone development in the continued evolution of this unique and successful mutual market access programs.”
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