介绍:
1, The Shanghai-Hong Kong Stock Connect system has begun trading.
The Stock Connect will allow investors to trade eligible shares listed on either market through local securities firms or brokerages.
There is a daily two-way quota of 23 billion yuan.
In an effort to try to promote the new system, the Ministry of Finance has announced that individual mainland investors who purchase shares in Hong Kong through the program will be exempt from paying taxes on the income derived from the shares for the next 3-years.
This will include QFII and RQFII traders.
The Qualified Foreign Investor scheme are currently the only avenues available for foreigners to invest in Chinese stocks.
2, Group of 20 leaders have agreed to take measures that would boost their economies by a collective $2 trillion by 2018.
Citing risks from financial markets and geopolitical tensions, the leaders said the global economy is being held back by lackluster demand, according to their communique following a two-day summit.
The group submitted close to 1,000 individual policy changes designed to lift growth and said they would hold each other to account to ensure they are implemented.
The IMF and OECD assessed the policy commitments and said they would raise G-20 gross domestic product by an additional 2.1 percent from current trajectories by 2018.
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