China approves new mainland stock link to Hong Kong
BEIJING (AP) — China's Cabinet approved a long-awaited initiative Tuesday that will give foreign investors more access to Chinese stocks by linking stock exchanges in Hong Kong and the mainland city of Shenzhen.
Li said the latest move will increase China's international economic links while shoring up Hong Kong's position as a financial center.
[...] the launch of the Shanghai-Hong Kong link, only a few foreign institutions were allowed to buy mainland-traded shares in a closely regulated system.