Beijing cracking down on use of unregulated underground banks to buy or sell foreign currency to maintain stability of the exchange rate and its slowing economy.
The mechanism by which international investors can trade via the Hong Kong stock exchange to directly access stocks listed in mainland China. The scheme, launched in November 2014, adds more than 800 companies with market capitalisations equivalent to US$1 billion or more to the universe of stocks available to global investors. It marks a significant reform and liberalisation of China’s capital markets.