Hong Kong stock market to benefit from new mainland investor scheme

The Hong Kong stock market is poised to receive a windfall from a renewed effort by Beijing to allow more mainland citizens to buy securities listed on overseas exchanges.

The People's Bank of China announced late on Friday that preparations are under way for trials of its so-called qualified domestic individual investor (QDII2) scheme. The scheme is part of a big initiative this year to increase outbound investment by the private sector. The mainland's central bank did not provide details.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1126712/hong-kong-stock-market-benefit-new-mainland