On September 3, the China Banking Regulatory Commission (CBRC) confirmed that the so-called "nonstop train to Hong Kong stock", a campaign allowing direct investments in the Hong Kong stock market for ordinary Chinese mainland residents, is still under development and still has several technical problems to resolve. CBRC also denied the rumor that the campaign has halted.
Li Lihui, director of the Bank of China (BOC) also rejected negative rumors concerning the campaign. He said that the BOC is still engaged in preparing for an overall service launch that would allow mainlanders to invest directly in Hong Kong stocks.
In addition, the Bank of Communications, BEA China, the Industrial and Commercial Bank of China (ICBC) and the China Construction Bank (CCB) have all applied for and are preparing for launching the same kind of services as the BOC.
For more details, please read the full story in Chinese. (http://www.cnstock.com/jryw/2007-09/04/content_2509728.htm)
(China.org.cn September 4 2007)
