Video Related To: Li Keqiang

For more news and videos visit ☛ ‪english.ntdtv.com Follow us on Twitter ☛ ‪http Add us on Facebook ☛me.lt The Hong Kong stock exchange could form a joint venture with major stock exchanges in mainland China, bringing the two economies to their closest since Hong Kong was handed back to China in the 1990s. The announcement comes as China takes steps towards making Hong Kong a center for trading in the renminbi. The Hong Kong stock exchange will hold detailed talks with counterparts in China over a joint venture, taking a major step towards closer economic ties. Cooperation between stock markets in Hong Kong and China has until now been limited, but the announcement comes a day after Chinese Vice Premier Li Keqiang announced a range of measures to liberalize cross-border investments. The world's most valuable exchange operator, Hong Kong Exchanges and Clearing Ltd., said in a statement on Thursday it had agreed in principle to talks with exchanges in Shenzhen and Shanghai. Shares in the Hong Kong exchange rose on the news. The joint venture could include new financial products such as indexes and stock derivatives. Reuters reports IPO proceeds in the three Chinese exchanges totaled $44 billion so far this year, compared to New York at $26 billion and London at $13 billion. Chinese Vice Premier Li Keqiang's measures include steps towards making Hong Kong a center for trading in the Chinese renminbi, as well as creating a fund of Hong Kong stocks that would be sold to <b>...</b>