Friday January 16 2015
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: China
Link: http://english.sse.com.cn/aboutsse/news/c/c_20150115_3873323.shtml
Shanghai Stock Exchange (SSE) has announced that with an aim of further developing the fund market and meeting investment and trading demands of investors, the SSE has decided to apply intraday trading (T+0) to cross-border ETFs and cross-border LOFs and in doing so have modified Paragraph 3.1.5 in the “SSE Trading Rules” to the following:
“3.1.5 Intraday trading shall be applied to the following products:
(1) Bonds
(2) Bond ETFs
(3) Exchange-traded Money Market Funds
(4) Gold ETFs
(5) Cross-border ETFs
(6) Cross-border LOFs
(7) Warrants
(8) Other products permitted by the China Securities Regulatory Commission
The cross-border ETFs and cross-border LOFs described in the preceding paragraph, shall be limited to open-ended funds tracking the constituent stocks in the indices or investment underlyings which adopt intraday trading (T+0).
B shares shall adopt T+1 mechanism in trading.”
The notice shall take effect as of 19th January 2015.
Click link above for further details.