A proposal by Chinese authorities to allow mainland citizens to buy shares listed in Hong Kong has been scrapped, marking the official end of a potentially groundbreaking plan that once gave high hopes to investors in the territory.
The State Administration of Foreign Exchange, a body under the central bank which announced the scheme in August 2007, said in a bland statement that the proposal was one of 19 no longer valid because they had expired.
Safe also annulled 36 documents because they had been replaced by new regulations.
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