Shenzhen Connect Opens Up 'New China' To Foreign Investors

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. The program is on the lines of one that connected Shanghai and Hong Kong two years ago and further integrates the Mainland markets with Hong Kong. It will…