Shanghai-Hong Kong Stock Connect is a programme that links the stock markets in Shanghai and Hong Kong. Under the programme, investors in Hong Kong and Mainland China can trade and settle shares listed on the other market via the exchange and clearing house in their home market.

(a) Analyse how banks in Hong Kong can be benefited from the ShanghaiHong Kong Stock Connect programme.

(b) The introduction of the Shanghai-Hong Kong Stock Connect programme will greatly support status of Hong Kong as an international financial centre.

Do you agree with this statement? Justify your answer.