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China to Allow Investment in Hong Kong Stocks

publication date: Aug 25, 2007
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New Currency Rules Increase Allure of HK IPO Earlier this week, China announced that it would allow its citizens to exchange unlimited amounts of their domestic currency for one purpose (and only one): investing in stocks listed on the Hong Kong exchange. Previously, citizens of China were not allowed to move their money out of the country, because of governmental concerns about preserving its current account surplus. More details...



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