Source:
https://scmp.com/article/998219/shenzhen-reform-plan-still-just-talk

Shenzhen reform plan still just talk

News that Shenzhen is pushing for financial reforms, including allowing its companies to take out yuan loans from Hong Kong banks and vice versa, pushed up stocks on Wednesday but the euphoria may have been premature.

Several of Shenzhen's proposed policies, such as establishing a commodities futures exchange and a reinsurance transaction centre have been stalled or were rejected by Beijing last month, according to a Shenzhen government document obtained by Caixin, which said other proposed reforms were still pending approval.