China Opens Up Capital Markets with Hong Kong Connection

Ask nearly anyone involved with the capital markets about what they see as the big trends sweeping the industry, and the subject of China will inevitably crop up. It has the world’s second-highest gross domestic product (GDP) behind the US, if the European Union is excluded. The Shanghai Stock Exchange (SSE) has the seventh-highest market capitalization, as of the end of 2013, with $2.5 billion. Yet for a number of reasons, political and economic in nature, it remains a relatively closed market.

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