A long-delayed trading link between the Chinese city of Shenzhen and Hong Kong launches Monday, opening another door to the mainland's cosseted stock markets but a China slowdown, weak yuan and expected US rate hikes have analysts sounding a note of caution. The tie-up, similar to one that kicked off between Hong Kong and Shanghai two years ago, is being touted as the latest effort by Beijing to prove to global investors that its capital markets are gradually opening. Hong Kong authorities have lauded the "stock connect" as a boost to the city as a finance hub that will cement its role in helping internationalise the yuan.
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