SFC And CSRC Announced The Launch Of Shanghai-Hong Kong Stock Connect On 17 November
Reference is made to HKEx’s announcements dated 10 April, 29 April, 4 September and 26 October 2014 relating to the establishment of Shanghai-Hong Kong Stock Connect. Unless the context otherwise requires, terms used in this announcement shall have the same meanings as those defined in the announcement dated 4 September 2014.
The SFC and the CSRC jointly announced on 10 November that the launch of Shanghai-Hong Kong Stock Connect on 17 November 2014 (the “launch date”) has been approved. HKEx is also pleased to announce that to date, the relevant rules and regulations of the Parties with regard to the Trading Links and the Clearing Links have been published; detailed operational agreements covering matters such as quota controls, trading arrangements, revenue sharing, cross-boundary cash transfers, connection of information technology systems, market surveillance and information exchange for regulatory and rule enforcement purposes have been executed by the Parties; and the necessary approvals and authorisations have been granted by the relevant regulators. As all the conditions under the Four-party Agreement have been satisfied, Shanghai-Hong Kong Stock Connect will commence operation on the launch date.