Stock connect to boost CNY as portfolio inflows could double
The Shanghai-Hong Kong programme will open mainland equities to overseas investors
The opening of the Shanghai-Hong Kong stock connect could see the renminbi appreciate up to 3% against the dollar in 2015, as portfolio inflows into China are expected to double, making it the only Asian currency that strategists expect to rise against the greenback during that time.
The stock connect will enable foreign investors to access the Shanghai's listed shares directly through the Hong Kong exchange, without the need to be licensed or use the services of a licensed global fund
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