In 1852, Wells, Fargo & Co. was founded by Henry Wells and William Fargo to deliver basic banking services and express delivery of consumer precious goods to the American West. The so-called Wells Fargo Wagon – which went from village to village and state to state, delivering these services to otherwise disconnected townships – became an iconic symbol of the US concept of Manifest Destiny, which was the idea instilled within the American psyche at the time that it was the destiny of US culture to explore west to the Pacific Ocean. In this sense, the Chinese government’s plans to connect the mainland Shanghai Stock Exchange to the offshore Hong Kong Stock Exchange in what has become known as the Shanghai-Hong Kong Stock Connect plan feels like a little bit of history repeating. GreySpark Partners senior consultant Dominic Cho offers his thoughts.
