HONG KONG, April 11 Hong Kong Exchanges and
Clearing shares rose 9 percent on Friday, as investors
welcomed China's announcement that it would allow cross-border
share trading between Hong Kong and Shanghai.
HKEx shares were suspended on Thursday pending an
announcement. China's securities regulator said it would allow
mainland investors to trade shares in designated companies
listed in Hong Kong, and at the same time let Hong Kong
investors buy shares in Shanghai-listed firms.
The move is set to boost trading volumes in Hong Kong,
although HKEx stressed in a statement on Thursday that it has
not yet reached agreement with its mainland counterparts on how
cross-border trading would work.
(Reporting by Lawrence White; Editing by Edwina Gibbs)