Thursday September 4 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: Hong Kong
Link: http://www.hkex.com.hk/eng/newsconsul/hkexnews/2014/1409042news.htm
The Stock Exchange of Hong Kong Limited (SEHK) and Hong Kong Securities Clearing Company Limited (HKSCC), wholly-owned subsidiaries of Hong Kong Exchanges and Clearing Limited (HKEx), signed an agreement (the Four-party Agreement) on Thursday 4 September 2014 with the Shanghai Stock Exchange (SSE) and China Securities Depository and Clearing Corporation Limited (ChinaClear) for the establishment of Shanghai-Hong Kong Stock Connect, a scheme that will allow investors with access to one market to buy and sell eligible shares listed on the other market.
Shanghai-Hong Kong Stock Connect has been developed in accordance with the principles set out in the joint announcement by Hong Kong’s Securities and Futures Commission (SFC) and China Securities Regulatory Commission (CSRC) on 10 April 2014 regarding their approval, in principle, of the development of a pilot programme for the establishment of mutual stock market access between Mainland China and Hong Kong.
Implementation of the arrangements for the establishment of Shanghai-Hong Kong Stock Connect as set out in the Four-party Agreement, including the detailed terms for the trading and clearing links, is subject to all necessary approvals.
Click on the above link for further details.