Chinese Investors Are Fueling Hong Kong's Stock-Market Rally – Wall Street Journal (subscription)

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HONG KONG—Chinese investors are gobbling up an increasing share of the Hong Kong stock market, helping to push the Hang Seng Index to its highest level in two years even as markets at home flounder.

Chinese buyers have been able to buy shares on the Hong Kong stock exchange since 2014 via a trading link with Shanghai that also allowed foreigners to buy shares in China. When that program was launched—followed by a similar link between…