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Shenzhen-Hk Stock Link Lets Foreigners Access China's Booming Tech Firms


Ron Burgundy
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A banner promoting Shenzhen-Hong Kong Stock Connect is displayed at the Hong Kong ExchangesBy Saikat Chatterjee HONG KONG (Reuters) - A long-awaited link between China's booming Shenzhen stock market and neighboring Honk Kong goes live on Monday, allowing foreign investors first-time access to some of the fastest growing technology companies in the world's second biggest economy. The link comes two years after regulators approved the Shanghai-Hong Kong stock connect scheme and extends China's efforts to open up its vast capital markets even as it struggles to enforce curbs on speculative money that was blamed for triggering last summer's stock market crash. The Shenzen opening - hobbled by delays of almost a year - will finally connect all of China's stock markets, which with a combined market cap of over $5 trillion serves up plenty of investment opportunities for foreigners and speculators.




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