Why the Shenzhen-Hong Kong trade link is big news: Jakobsen
Steen Jakobsen, chief economist at Saxo Bank, explains why the opening of the Stock Connect between Shenzhen and Hong Kong is good for traders and investors.
He says that global investors will now get access to China’s tech sector and MSCI could finally add China to its emerging-market indices.
It marks another significant move in large reforms for the economy, says Jakobsen. The stock-trading link’s opening date hasn’t yet been announced.
Steen Jakobsen, chief economist at Saxo Bank, explains why the opening of the Stock Connect between Shenzhen and Hong Kong is good for traders and investors.
He says that global investors will now get access to China’s tech sector and MSCI could finally add China to its emerging-market indices.
It marks another significant move in large reforms for the economy, says Jakobsen. The stock-trading link’s opening date hasn’t yet been announced.