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Shanghai, Hong Kong to Link Stock Markets

FILE - Floor traders monitor share prices during afternoon trading at the Hong Kong Stock Exchange in Hong Kong.

Market regulators have approved a trading link between the Hong Kong and Shanghai stock exchanges, which will give foreign investors greater access to China's stock market.

In a joint statement issued Monday, the China Securities Regulatory Commission and Hong Kong's Securities and Futures Commission said trading via the link will start on November 17.

The agreement will allow international investors to trade selected stocks on Shanghai's tightly restricted exchange and let mainland investors buy shares in Hong Kong.

It is thought cross-border trading will amount to $3.8 billion a day.