HONG KONG (Reuters) - China will soon announce the date of a much-awaited initiative to connect the stock markets of Shanghai and Hong Kong, Hong Kong's leader said on Sunday, easing concerns the landmark scheme might have been shelved after losing Beijing's backing.
"The central government (China) places great importance in the Shanghai-Hong Kong stock connect scheme and supports it very much," Leung Chun-ying, the chief executive of Hong Kong, said after a meeting with Chinese President Xi Jinping in Beijing's Great Hall of the People."The relevant departments will in the short term announce details of its formal launch date," he told reporters.
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