HKMA applauds move to free up mainland markets
Joseph Yam, the chief executive of the Hong Kong Monetary Authority (HKMA), has said he welcomes a pilot scheme that will allow investors from mainland China to invest directly in Hong Kong securities.
John Tsang, the Hong Kong financial secretary, also approved the scheme, set up by the State Administration of Foreign Exchange (SAFE).
Yam said: "The HKMA will continue to work with the People's Bank of China, SAFE and other mainland authorities on measures to strengthen the links and interaction
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