BEIJING (XFN-ASIA) - The government has permitted individuals to invest directly in an overseas stock market for the first time, with a trial program allowing individuals to start trading securities on the Hong Kong Stock Exchange, according to the State Administration of Foreign Exchange (SAFE.)
In a statement published on its website, SAFE said that the trial will be firstly carried out among investors in Tianjin Binhai New Area of Tianjin city in northern China.
Investors should open an account at the Tianjin branch of Bank of China and carry out the investment through Bank of China International (BOCI), the Administration said.
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