HONG KONG: China’s lifting of barriers for foreign investment in its stock and bond markets is a surprise gift for investors in the run-up to the 70th birthday party of the People’s Republic.
While the move is seen by analysts as long on symbolism and short on impact, it’s likely to help sustain the rebound in domestic equities ahead of the crucial anniversary as well as stabilize the currency, which is trading near a decade-low.
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