China & Hong Kong Take Strides Towards Financial Relationship
China has taken another step towards the integration of the country's financial system with global markets that could see billions of dollars flow into Hong Kong. The Wealth Connect Programme would allow investors to invest up to RMB 150 billion each way between Hong Kong and mainland China. The plan is expected to be a watershed moment in China's financial liberalisation, since it would make it much simpler for a portion of the country's vast wealth to be invested beyond...
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