China Stock Rout Delaying Market Links With Hong Kong, HKEx Says
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China’s stock rout is hampering efforts to link mainland markets to the rest of the world via Hong Kong, said Charles Li, who runs the city’s bourse operator.
“Psychologically, this is not the time to talk a lot about mutual market access when you’ve just put out a fire,” Hong Kong Exchanges & Clearing Ltd. Chief Executive Officer Li said at a conference in Singapore on Monday. “You’d want to calm down, figure out how to clean up and then move forward.”