Friday August 31 2018
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
The Securities and Futures Commission (SFC) has reached an agreement with the China Securities Regulatory Commission (CSRC) to implement an investor identification regime for northbound trading under Mainland-Hong Kong Stock Connect on 17 September 2018.
The investor identification regime will allow for more effective monitoring and surveillance by the CSRC and Mainland stock exchanges to safeguard market integrity. The Stock Exchange of Hong Kong Limited will soon make an announcement to provide more information regarding the launch of the new regime.
As announced by the SFC and the CSRC in November 2017, the SFC and the CSRC agreed, on a reciprocal basis, to introduce a similar investor identification regime for southbound trading to assist one another in performing their regulatory functions under Stock Connect.
For further information please click on the above link.