TokyostocksopenedhigherMondayasWallStreet'scontinuedrallyattheendoflastweekbrightenedthemarketmood.Asof9:15am.,the225-issueNikkeiStockAveragegained260.28points,
TOKYO, May 8 (Xinhua) -- Tokyo stocks extended gains Monday morning as pro-European Union centrist Emmanuel Macron's win in the French presidential election brightened the market mood on hopes for anti-protectionist policies and the concluding of FTA's betweenJapan and the European Union.
China Securities Regulatory Commission (CSRC) and Securities & Futures Commission (SFC) of Hong Kong stated in a joint announcement at 19:00 of Nov. 25 that eligible stock trading via Shenzhen-Hong Kong Stock Connect will start on Dec. 5.
In order to advance preparatory work about Shenzhen-Hong Kong Stock Connect, Fang Xinghai, vice-chairman of the China Securities Regulatory Commission (CSRC) and head of special working group of Shenzhen-Hong Kong Stock Connect, recently held a work conference, at which Shenzhen and Hong Kong exchanges, China Securities Depository and Clearing Company Limited (CSDC) and some securities companies report progress of preparatory work and suggestions and will make deployment on relevant work so as to introduce the Shenzhen-Hong Kong Stock Connect within the year.
Charles Li Xiaojia, CEO of Hong Kong Stock Exchange, repeatedly expected that expansion of the Southbound Trading of Shanghai-Hong Kong Stock Connect program. As the total quota of the Southbound trading is going to run out, there is increasing expectation on the launch of SZ-HK Stock Connect.
Tokyo shares rebounded Monday morning as market players bought in stocks that had plunged after Britain voted to leave the European Union in a referendum.
According to stock experts, investors also concerned about the instability that may occur in the global market during the week-long holiday.
The gong simultaneously sounded in Shanghai Stock Exchange (SSE) and Hong Kong Exchanges and Clearing Limited (HKEx) on Nov. 17 last year declared the official launch of Shanghai-Hong Kong Stock Connect that links the capital markets of the Chinese mainland and the world. Since then, direct investment access to the stock markets in Shanghai and Hong Kong is available. The stock market of the Chinese mainland is directly open to global capital for the first time, while investors from the Chinese mainland also start their way of global asset allocation.
Shanghai-Hong Kong Stock Connect has operated steadily since its launch a year ago, despite the crisis in the mainland's stock market last summer.
Hong Kong Exchanges and Clearing Limited (HKEx) said Wednesday that it has not yet reached any agreement on the establishment of the Shenzhen-HK Stock Connect.
China will set up the Shenzhen-Hong Kong Stock Connect this year, according to Zhou Xiaochuan, governor of the People's Bank of China (PBOC), the central bank.
The Shanghai Stock Exchange, German Borse Group and the China Financial Futures Exchange have partnered to launch a center for the trading and pricing of off-shore yuan-denominated assets, promoting use of the Chinese currency in the European financial market.
Tokyo stocks fell 1.09 percent in the morning session of Wednesday after the central bank of China's surprise steep devaluation of the yuan the previous day.
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