China considers expanding scope of individual purchases of HK stocks - report |
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Thu, 30 Aug 2007 02:29
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HONG KONG (XFN-ASIA) - China is considering expanding the scope of areas covered by its trial scheme allowing direct investment by mainland retail investors in Hong Kong stocks, The Standard reported, without identifying the source of its information.Currently, the State Administration of Foreign Exchange only allows under the pilot scheme individual investors with accounts in Bank of China branches in the Tianjin Binhai New Area to invest in stocks traded in Hong Kong.But the proposed expansion includes Beijing, Shanghai and Shenzhen in the scheme, the newspaper said.It did not say when the expansion is to be undertaken.jun.concepcion@xfn.comjc/net-xfnjcc/xfnntCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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