Hang Seng climbs to fresh three-year high

Hong Kong share market advanced for a fifth straight session on Monday, 28 July 2014, closing at fresh three years high, after reports said the so-called through train scheme, which would allow direct stock trading between Hong Kong and Shanghai, could be launched in mid-October. The benchmark Hang Seng Index climbed up 212.62 points, or 0.88%, to 24428.63, the highest close since April, 2011. Turnover increased to HK$85.46 billion from yesterday's HK$76.73 billion. The National Business Daily reported earlier today that the "Shanghai-Hong Kong Stock Connect" scheme will be formally launched at 13 October. In response to the media report, the bourse said Hong Kong stock exchange has been intensively preparing for the stock connect, but it does not have an explicit start date yet.

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