China puts Hong Kong share plan on ice

[Bowgett]

China has in effect frozen a proposal to allow mainland citizens to buy shares in Hong Kong, a decision that threatens to undercut the recent surge in the former colony’s equities market to record highs.


http://www.ft.com/cms/s/0/4b3556dc-8b01-11dc-95f7-0000779fd2ac.html?nclick_check=1

 

[gangof4]

Quote from Bowgett:

China has in effect frozen a proposal to allow mainland citizens to buy shares in Hong Kong, a decision that threatens to undercut the recent surge in the former colony’s equities market to record highs.


http://www.ft.com/cms/s/0/4b3556dc-8b01-11dc-95f7-0000779fd2ac.html?nclick_check=1

thanks for the post.

 

[kiwi_trader]

I wonder if that will mean the shanghai cowboys stop playing on hsi though. Until that happens intraday volatility will stay extremely high.