Mutual recognition next, says CSRC's Xiao Gang

Yesterday China premier Li Keqiang rocked the Shanghai and Hong Kong stock markets by announcing they are now linked – but that is not the only news to come out of the Boao Forum for Asia, where he dropped his bombshell. The next step for integrating the mainland and Hong Kong's financial markets is to enable mutual recognition of investment products, said Xiao Gang, chairman of the China Securities Regulatory Commission. He told AsianInvestor that there are no major hurdles lef…