China opened up a sort of portal between its domestic stock market and international investors on Monday, inaugurating a new link between the Hong Kong and Shanghai stock exchanges. The new Stock Connect system allows non-Chinese to directly buy and sell mainland Chinese equities for the first time, through the Hong Kong bourse, and gives authorized mainland Chinese investors their first access to the Hong Kong market.
Analysts aren't sure how this unprecedented opening of the Chinese market will play out, but on Day 1 more international investors bought shares in the Shanghai exchange than mainland Chinese bought of Hong Kong-listed stocks. Time will tell. In the meantime, you can watch officials in Honk Kong and Shanghai officially welcoming the partnership by ringing the opening gongs. --Peter Weber
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
Immunotherapy and hay feverThe Explainer Research shows that the treatment could provide significant relief from symptoms for many hay fever sufferers
-
The week's best photosIn Pictures A flooded island, a ballistic missile, and more
-
Who actually needs life insurance?The Explainer If you have kids or are worried about passing on debt, the added security may be worth it
-
Puffed rice and yoga: inside the collapsed tunnel where Indian workers await rescueSpeed Read Workers trapped in collapsed tunnel are suffering from dysentery and anxiety over their rescue
-
More than 2,000 dead following massive earthquake in MoroccoSpeed Read
-
Mexico's next president will almost certainly be its 1st female presidentSpeed Read
-
North Korea's Kim to visit Putin in eastern Russia to discuss arms sales for Ukraine war, U.S. saysSpeed Read
-
Gabon's military leader sworn in following coup in latest African uprisingSpeed Read
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
