Anonymous ID: f731d4 June 13, 2020, 1:57 p.m. No.9601385   🗄️.is đź”—kun

>>9600908

>>9600751

 

Here's the "WHY" The WHY is connected also to HONG KONG stockmarket..

 

On 10 April 2014, the Securities and Futures Commission (SFC) and China SecuritiesRegulatory Commission (CSRC) made a Joint Announcement (“Joint Announcement”) regarding the in-principle approval for the development of Shanghai Connectfor the establishment of mutual stock market access between Mainland China and Hong Kong.Under Shanghai Connect, The Stock Exchange of Hong Kong Limited (SEHK), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), and Shanghai Stock Exchange (SSE)established mutual order-routing connectivity and related technical infrastructure (Trading Links) to enable investors of their respective market to trade shares listed on the other’s market.

 

Hong Kong Securities Clearing Company Limited (HKSCC), also a wholly-owned subsidiary of HKEX, and China Securities Depository and Clearing Corporation Limited (ChinaClear) have established clearing, settlement and nominee arrangements (Clearing Links)to provide for the clearing and settlement of trades executed through the Trading Links and the provision of depository, nominee and other related services to investors in the Mainland and Hong Kong.

 

Shanghai Connect created for the first time a feasible, controllable and expandable channel for mutual market access between the Mainland and Hong Kong by a broad range of investors, paving the way for further opening up of China’s capital account and RMB internationalisation. Following the successful launch of Shanghai Connect on 17 November 2014, Shenzhen Connect is believed to beits natural extension, and launched on 5 December 2016 by and large applying similar programme principles and design.

 

Looks like the only reason Hong Kong is so important to China is for the Hong Kong Stock Exchange, in which China has been preparing for years to fold into Mainland China Markets. As stated in the attached investor book. This must have been a key piece in their quest to take control globally of the world financial markets. Many US hedge funds have already found their way there. Ray Dalio of Bridgewater comes to mind, when he made the move to Shanghai.

 

https://www.hkex.com.hk/-/media/HKEX-Market/Mutual-Market/Stock-Connect/Getting-Started/Information-Booklet-and-FAQ/Information-Book-for-Investors/Investor_Book_En_(Nov).pdf

 

Also see: Hong Kong stock market a top global performer

http://www.chinadaily.com.cn/business/2017-11/01/content_33983524.htm