Tuesday November 7 2017
News Source: Global Exchanges
Focus: Other
Type: General
Country: Hong Kong
Link: http://www.hkex.com.hk/News/News-Release/2017/1711062news?sc_lang=en
On the 6th November 2017, the Hong Kong Exchanges and Clearing Limited (HKEX) stated that Realtime Delivery versus Payment will be introduced for the Northbound related transactions of Stock Connect (Stock Connect is a mutual market access programmer which also operates on both the Shanghai and Shenzhen stock exchanges).
In addition to this, money settlement in Renminbi, Hong Kong dollars and US dollars will also be available for such transactions.
These changes will be effective on 20th November 2017. In addition HKEX has released a circular which contains the details of this development.
For additional information please click the link above.