HKEx Jumps on Report China’s Li Backs Shenzhen Stock Link
This article is for subscribers only.
Hong Kong Exchanges & Clearing Ltd. jumped the most in a month after a report that Chinese Premier Li Keqiang said a stock link with Shenzhen should be established.
The new exchange program should follow the Hong Kong-Shanghai connect that began in November, Shenzhen Special Zone Daily reported on its tetimes.com website, citing Li during a visit to the city. Shares of Hong Kong Exchanges rose 2.5 percent to HK$177.30, the biggest advance since Dec. 8. The Shenzhen Composite Index extended gains to 1.5 percent, while the Hang Seng Index slid 0.6 percent.