A trading link between the Hong Kong and Shanghai exchanges has been backed by regulators
Hong Kong Exchanges and Clearing (HKEx) has gained regulatory
approval to launch a pilot mutual market access programme with
mainland China, writes Joe Parsons.
The exchange received approval from Hong Kong’s
Securities and Futures Commission (SFC) and the China
Securities Regulatory Commission (CSRC) for the development of
the pilot Shanghai-Hong Kong Stock Connect programme, which
will operate between the Shanghai Stock Exchange (SSE) and the
Stock Exchange of Hong Kong (SEHK), a subsidiary of HKEx.
The connection will be a major step in the opening of
China’s capital markets, while also placing Hong
Kong as the dominant gateway to the mainland exchanges.
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