Move opens up $6.6 trillion domestic share market to overseas investors

China has taken another major step toward opening its financial markets after approving a program that will allow investors in Hong Kong to trade equities on the Shenzhen Stock Exchange, analysts said on Wednesday.

By further opening its $6.6 trillion domestic share market to foreign traders, they said China was addressing limitations to mainland trading flagged by the global index compiler MSCI when it rejected the stocks in June.