As the launch of the Shenzhen-Hong Kong stock connect scheme draws nigh, with Hong Kong brokers believing it will be launched in the second half of this year, there are concerns the second iteration of the cross-border trading scheme could result in more one-way traffic.
Tumultuous panic selling in July 2015 wiped more than US$3 trillion off the value of mainland shares in just three weeks – the steepest sell-off in eight years which a raft of interventions from Beijing has so far failed to halt. Signs of a complete market seizure as hundreds of companies scramble to halt trading in their shares raised fears of spreading systemic regional financial risks.
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