The China Securities Regulatory Commission (CSRC), Hong Kong Securities & Futures Commission (SFC) issued a joint announcement on 16 August, 2016, approving in principle the establishment of mutual stock market access between Shenzhen and Hong Kong (Shenzhen-Hong Kong Stock Connect). The Stock Connect will be launched by Shenzhen Stock Exchange (SZSE), the Stock Exchange of Hong Kong Limited (SEHK), China Securities Depository & Clearing Company Limited (China Clear), and Hong Kong Securities Clearing Company Limited (HKSCC). It signifies a firm step forward towards legalization, market-orientation and internationalization of the Chinese capital market.
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