ETF trading under mainland-Hong Kong stock connect to start on July 4
Xinhua
30 Jun 2022, 14:18 GMT+10
BEIJING, June 30 (Xinhua) -- Trading of exchange-traded funds (ETFs) under the mainland-Hong Kong stock connect programs will commence on July 4.
Relevant business rules, operational plans and regulatory arrangements have been finalized, and technical systems are in place, the China Securities Regulatory Commission (CSRC) and Hong Kong Securities and Futures Commission (SFC) said in a joint announcement released Tuesday.
The CSRC and the SFC have agreed on arrangements regarding cross-boundary regulatory cooperation, investor education and other matters in relation to the inclusion of ETFs in stock connect schemes, the announcement said.
The launch is expected to promote the development of capital markets in both the Chinese mainland and Hong Kong.
The announcement came after a document was unveiled by the CSRC last week, in which the regulator specified the inclusion of ETFs in stock connect programs, and set out institutional arrangements and requirements for prospective investors and brokers.
The two regulators also pledged to continue efforts to enhance enforcement cooperation against illegal activities and market misconduct, and to respond promptly and appropriately to any contingencies or major events.
Subscribe and Follow
Get a daily dose of Mexico Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.
More Information
16
℃
UN chief voices deep concern over series of blasts in Afghanistan
New York [US], August 19 (ANI): UN chief Antonio Guterres on Friday expressed his deep concern over a series of ...
Algeria Forest Fires Kill at Least 37
cairo - Algeria's civil protection authority said Thursday that the death toll from forest fires raging in at least 26 ...
The UK education system preserves inequality - new report
Your education has a huge effect on your life chances. As well as being likely to lead to better wages, ...
Canadian immigration: We sponsor spouses - why not friends?
Faced with the winds of social change, Immigration, Refugees and Citizenship Canada (IRCC) redefined family reunification to include same-sex couples ...
Algeria Forest Fires Leave at Least 37 Dead
algiers, algeria - Wildfires raging in the forests of eastern Algeria have killed at least 37 people and wounded 161 ...
Manipur: Rajnath Singh pays homage to personnel who lost their lives in Tupul landslide
Siliguri [Assam], August 18, (ANI): Defence minister Rajnath Singh paid homage to the military personnel who lost their lives, during ...
Bachelet asks Bangladesh to probe enforced disappearance allegations
DHAKA, Bangladesh - Michelle Bachelet has urged the Bangladesh government to establish an independent investigation into allegations of enforced disappearances. ...
UK moves forward in sending illegal migrants to Rwanda
LONDON, England: Despite a legal challenge in London's High Court in early September, the UK government is continuing to pursue ...
PM Modi says India working to become developed country in 25 years
NEW DELHI, India: During his national day address this week, Prime Minister NarendraModi said India will seek to become a ...
Heathrow Airport to extend limit on passengers till October
LONDON, England: The cap on flight departures from London's Heathrow Airport will beextended until October 29, airport officials announced.Heathrow capped ...
German fighter jets to take part in joint exercises in Australia
BERLIN, Germany: Highlighting Berlin's increasing focus on assisting in the Indo-Pacific region amidst rising tensions with China over Taiwan, Germany ...
France declares wildfire out, firefighters came from all of Europe
PARIS, France: French firefighters have stopped the spread of a "monster" wildfire in the country's southwest, allowing the reopening of ...
