Stock market liberalization, as an integral part of the financial opening, is a critical measure for China to promote economic market-oriented and open-oriented reforms, whose prerequisite is effective risk prevention and control. Considering the “Mainland-Hong Kong Stock Connect” program as...

As a crucial component of financial opening, stock market liberalization is a vital measure for China to advance market-oriented and open-oriented reforms. However, effective risk prevention and control must be in place as a prerequisite. Examining the ‘Mainland-Hong Kong Stock Connect’...