PBoC mistake stokes industry frustration
China's central bank posted an article this week saying that Shenzhen Connect would launch this year, raising hopes among investors. But the document turned out to be some six months old.
A freshly posted article on the Chinese central bank’s website raised hopes yesterday that the Shenzhen Connect trading link would launch this year, before it was made clear that the document was almost six months old.
The mistake has further stoked industry frustration over delays in schemes for accessing the Chinese market, such as Shenzhen Connect and Hong Kong-Shanghai mutual recognition.
The Hang Seng Index climbed 3.1% in the morning session yesterday on the ‘news’ and clo…
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