By Morningstar
One of the world’s biggest stock markets, Shanghai, will open up to foreign investors next week with the start of a highly anticipated trading link with Hong Kong that gives global money managers access to US$2 trillion of Chinese shares.
The final approval to the delayed program was given by Chinese regulators early Monday, hours before U.S. President Barack Obama was due to land in Beijing for a regional summit and a day after Chinese President Xi Jinping promised it would come soon.