On September 3, the China Banking Regulatory Commission (CBRC)
confirmed that the so-called "nonstop train to Hong Kong stock", a
campaign allowing direct investments in the Hong Kong stock market
for ordinary Chinese mainland residents, is still under development
and still has several technical problems to resolve. CBRC also
denied the rumor that the campaign has halted.?
Li Lihui, director of the Bank of China (BOC) also rejected
negative rumors concerning the campaign. He said that the BOC is
still engaged in preparing for an overall service launch that would
allow mainlanders to invest directly in Hong Kong stocks.
In addition, the Bank of Communications, BEA China, the
Industrial and Commercial Bank of China (ICBC) and the China
Construction Bank (CCB) have all applied for and are preparing for
launching the same kind of services as the BOC.
For more details, please read the full story in Chinese. (http://www.cnstock.com/jryw/2007-09/04/content_2509728.htm)
(China.org.cn September 4 2007)
