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.
Continue reading for free
We hope you're enjoying The Week's refreshingly open-minded journalism.
Subscribed to The Week? Register your account with the same email as your subscription.
-
10 things you need to know today: September 30, 2023Daily Briefing Government shutdown looms after failed House vote, California Sen. Dianne Feinstein dies at 90, and more
-
All about Zealandia, the Earth’s potential 8th continent
The Explainer The secret continent went undiscovered for over 300 years
-
A reckoning over looted art
The Explainer Thousands of artifacts in U.S. and European collections were stolen from their countries of origin. Should they be sent back?
-
More than 2,000 dead following massive earthquake in Morocco
Speed Read
-
Mexico's next president will almost certainly be its 1st female president
Speed Read
-
North Korea's Kim to visit Putin in eastern Russia to discuss arms sales for Ukraine war, U.S. says
Speed Read
-
Gabon's military leader sworn in following coup in latest African uprising
Speed Read
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstances
Speed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2
Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governor
Speed Read
-
Los Angeles city workers stage 1-day walkout over labor conditions
Speed Read
