Why should anyone be prevented from buying stocks on another exchange? Finally Hong Kong and Shanghai have reciprocal agreements.
The only change is now consumers have a choice. Good for Hong Kong,
Feel free to forward this by email to three of your friends.
Those are good reasons to applaud the mutual recognition agreement, as it is more properly called. There is a potential downside, however, to what is essentially a back-door listing of the entire Shanghai market in Hong Kong. It's a question asked in many spheres beside finance: Will Hong Kong pull Chinese standards up, or will China drag Hong Kong down?False dilemma. It will be neither. You can buy both Prada shoes or handmade shoes in Hong Kong. Neither effects the others standards.
The only change is now consumers have a choice. Good for Hong Kong,
Feel free to forward this by email to three of your friends.
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