A multi-billion-dollar trading link has launched between the Chinese cities of Shanghai and Hong Kong.

Shanghai-HK Stock Connect starts trading?

The link-up, called the Shanghai-Hong Kong Stock Connect, will give international investors more access to companies in the world's second largest economy, and will see billions of dollars in daily cross-border transactions.

It has been described by the Hong Kong Monetary Authority as a "milestone," in China's market reforms.

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