“Hu-gang Tong”, or “Shanghai-Hong Kong Stock Connect”, is a new stock exchange regime that connects the Shanghai and Hong Kong exchanges launched on November 17, 2014. Previously, Chinese and foreign investors had different access to the stocks listed in the Chinese stock market. But with the launch of the “Stock Connect”, mainland Chinese and foreign investors can purchase shares of Hong Kong and Chinese companies with eased restrictions.
“The Shanghai-Hong Kong Stock Connect allows mainland Chinese investors to purchase select Hong Kong and Chinese companies listed in Hong Kong, and lets foreigners buy Chinese A shares listed in Shanghai in a less restrictive manner than has previously been the case.” -Goldman Sachs
visit Goldman Sachs’ website for more details -> http://www.goldmansachs.com/our-thinking/trends-in-our-business/stock-connect/