The U.S. dollar has dominated the international monetary system for approximately 70 years. While the U.S. economy has generated weak growth over the past six years and accumulated a large sovereign debt, the dollar’s status as an international medium of exchange and reserve currency (currency held by foreign central banks) has defied the odds and has not diminished.
The top securities regulators in the Chinese mainland and Hong Kong said on Monday that they have agreed in principle to expand the range of stocks eligible under the Stock Connect program between the two capital markets.
The Hong Kong Special Administrative Region (HKSAR) government on Monday welcomed securities regulators approval for the mainland and Hong Kong exchanges to further expand the scope of eligible stocks under the Stock Connect program.