China: Shanghai-Hong Kong Stock Connect programme approved
On 10 April 2014, the China Securities Regulatory Commission (CSRC) and the Securities and Futures Commission of Hong Kong (SFC) approved, in principle, the development of Shanghai-Hong Kong Stock Connect, a pilot programme to establish mutual stock market access between mainland China and Hong Kong and enable two-way cross-market stock investment by investors.
The pilot programme will operate between the Shanghai Stock Exchange (SSE), the Stock Exchange of Hong Kong Limited (SEHK), the China Securities Depository and Clearing Corporation Limited (ChinaClear) and the Hong Kong Securities Clearing Company Limited (HKSCC).
SSE and SEHK will allow investors to trade eligible shares listed on each other’s markets through local securities firms or brokers.
We are monitoring this development and will provide more information when it becomes available.
| This Marketflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Marketflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Marketflash does not constitute legal or tax advice. |