The "Shenye Holding Company" and "ShenzhenExpressway" both being approvedinthe Hong Kongstock Exchange turns anewpage in thecooperation between the two stockmarketsof Shenzhen and Hong Kong.
The company is up against one ofthe coziest clubs in the world, theStockExchangeofHongKong, which likes to keep its Old Economy members happy by making it hard for precocious young upstarts to get a head start.
Consider for example the recent decision ofthe Securities and Futures Commission ofHongKong to allow shares ofthe United Company RUSAL to be listed on theHongKongStockExchange.