INTERNATIONAL: Delay to Shanghai-Hong Kong Stock Connect

Monday October 27 2014

Further to the update of 6th October, Hong Kong Exchanges and Clearing has announced a delay to the launch of the Shanghai-Hong Kong Stock Connect.

The Shanghai-Hong Kong Stock Connect system will permit cross-border trading between Hong Kong and China for the first time. SSE will accept all the constituent stocks of the SSE 180 Index and SSE 380 Index, and all the SSE-listed Shares that are not included as constituent stocks of these indices but which have corresponding shares accepted for listing and trading on SEHK as SSE Securities for trading by Northbound Investors through the Northbound Trading Link. SEHK will accept all the constituent stocks of the Hang Seng Composite LargeCap Index and Hang Seng Composite MidCap Index, and all the H Shares that are not included as constituent stocks of these indices but which have corresponding shares accepted for listing and trading on SSE as SEHK Securities for trading by Southbound Investors through the Southbound Trading Link.

HKEx has stated that while the Parties are technically ready to implement Stock Connect, at the date of the announcement, HKEx has not received the relevant approval for the launch of Stock Connect, and there is no firm date for its implementation. Further announcements will be made as and when there are any material developments on the timetable of launch.

Click on the above link for more details.