Investors Eye IPO Access as Hong Kong Stock Link Turns 10 (2)

A decade after China opened up its exchanges to a broad swath of international investors through a trading link with Hong Kong, investors are craving deeper access.

With billions of dollars worth of trading volume flowing across the border between Hong Kong and Shanghai and Shenzhen on a daily basis, the stock connect has been a success. While the link was later expanded to include bonds, exchange traded funds and interest rate swaps, it has yet to allow investors to access the primary market, or initial public offerings.

Charles Li, one of the key architects of link as then chief ...