Business
20:23, 21-Jun-2017
Lujiazui Forum: delegates laud Stock Connect schemes’ role in financial reform
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On the second day of the Lujiazui Forum in Shanghai, speakers from China's major financial institutions talked about the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect, two of the most important steps in China's financial reform process in the past few years.
The Chinese government is considering more of these cross-boundary investment channels. One key topic of this forum is the Shanghai-London Stock Connect that officials are preparing. Another major move in the pipeline is a potential Shanghai-Hong Kong Bond Connect.
Participants said that the financial connect programs have made progress since being launched more than two years ago. Zhang Chun, executive dean of the Shanghai Advanced Institute of Finance, said that more Hong Kong investors are coming to buy stocks than at this point last year.
While experts say that will encourage more firms to issue bonds, some warn that regulators must do more in making sure companies play by market rules.