Officials mark the start of northbound trading on the mainland-Hong Kong Bond Connect on July 3 in Hong Kong. The addition of onshore stocks into MSCI’s index family and the latest expansion of the Connect scheme will serve the vital goal of enticing foreign ownership of mainland assets. Photo: Xinhua

China’s more open capital markets will aid its rise as a global financial hub

Thomas Deng says the inclusion of onshore Chinese A-shares by the MSCI global equity index and the start of the Bond Connect will promote foreign ownership of mainland assets, and the resultant inflow of funds will lead the way to liberalisation

Topic |   China economy

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Officials mark the start of northbound trading on the mainland-Hong Kong Bond Connect on July 3 in Hong Kong. The addition of onshore stocks into MSCI’s index family and the latest expansion of the Connect scheme will serve the vital goal of enticing foreign ownership of mainland assets. Photo: Xinhua
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