Bloomberg reports that the Hong Kong – Shanghai Stock Connect is set to start on November 17th! Still three weeks after the expected date of October 27th, and with a net purchase volume much smaller than initially expected at RMB 13 billion, with the total volume at RMB 23.5 billion. Still, the Hang Seng Index is as excited as I am on the news, it seems! An additional annoyances is a “North/South” RMB 300/250 billion aggregate investment cap, but this might easily be subject to future review.
Time to watch this develop, I’m readying the popcorn!