China to Strengthen Financial-Market Cooperation With Hong Kong
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China will seek to strengthen ties with Hong Kong by promoting tie-ups between the two financial markets and increasing cooperation in investments overseas and infrastructure.
The Chinese government will encourage joint ventures between the Shanghai and Shenzhen stock bourses and their Hong Kong counterpart, and allow the listing of exchange-trade funds in the city and the mainland, the official Xinhua News Agency said today, citing a statement from the State Council. Foreign investors will also be encouraged to use the yuan in trade settlement and investments in Hong Kong.