New cross-border stock link widens access to China's Nasdaq

Trading began Monday on a new cross-border stock link between Hong Kong and the neighboring Chinese city of Shenzhen, widening access to China's markets for global investors.

The long-awaited Shenzhen-Hong Kong Stock Connect link allows international investors to buy and sell 880 high-growth small and midcap stocks traded on the exchange in the southern boomtown of Shenzhen via the Hong Kong exchange.

A similar link between Hong Kong and China's main exchange in Shanghai was launched two years ago but has shown only a mediocre performance, with investors rarely hitting daily limits on trading volume.

Hong Kong's top leader and the exchange's chairman marked the...