Shenzhen Connect Opens Up ‘New China’ To Foreign InvestorsBala Murali Krishna
The long-awaited Shenzhen-Hong Kong Stock Connect program kicks off Dec. 5, opening up access for international investors to “New China,” as Goldman Sachs dubbed it. Many companies listed on the Shenzhen exchange come from emerging industries such as technology, media and healthcare.
With a market cap of $11 trillion for traded companies, the exchange will create the second-largest equity market globally, and the largest in terms of cash turnover – $82 billion.
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