The Chinese financial markets have always been a fascinating amalgam of the country’s rich, complex history and its people’s vibrant entrepreneurs hip and dynamism. While the histories of many global exchanges are steeped in fascinating tales of their own, China—with its multiple exchanges, dual currencies (Hong Kong dollar and Chinese renminbi) and disparate regulatory regimes—is certainly among the most beguiling. This paper focuses on the ‘North-bound’ flow of offshore funds being deployed into the Shanghai and Shenzhen exchanges.
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