Mubasher: China stocks shut Friday on a positive note, following the news about linking two of the country's three major bourses.
China is expected to launch a stock connect scheme between the Shenzhen and Hong Kong bourses next year, said a senior official of the China Securities Regulatory Commission (CSRC) on Friday.
The stock connect schemes allow investors to trade on both bourses under a quota and are seen as moves toward a more open capital market in the Chinese mainland, according to state-run news agency.
Shanghai index rose by 0.43% to 3,627.91 points today and gained 1.4% this week to advance for the third straight week.
Hang Seng index also gained 0.44% or 97.54 points to reach 22,138.13 points.
