ETF trading under mainland-Hong Kong stock connect to start on July 4
Xinhua
30 Jun 2022, 14:18 GMT+10
BEIJING, June 30 (Xinhua) -- Trading of exchange-traded funds (ETFs) under the mainland-Hong Kong stock connect programs will commence on July 4.
Relevant business rules, operational plans and regulatory arrangements have been finalized, and technical systems are in place, the China Securities Regulatory Commission (CSRC) and Hong Kong Securities and Futures Commission (SFC) said in a joint announcement released Tuesday.
The CSRC and the SFC have agreed on arrangements regarding cross-boundary regulatory cooperation, investor education and other matters in relation to the inclusion of ETFs in stock connect schemes, the announcement said.
The launch is expected to promote the development of capital markets in both the Chinese mainland and Hong Kong.
The announcement came after a document was unveiled by the CSRC last week, in which the regulator specified the inclusion of ETFs in stock connect programs, and set out institutional arrangements and requirements for prospective investors and brokers.
The two regulators also pledged to continue efforts to enhance enforcement cooperation against illegal activities and market misconduct, and to respond promptly and appropriately to any contingencies or major events.
Subscribe and Follow
Get a daily dose of Pakistan Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pakistan Telegraph.
More Information
31
℃
Critical of media, Solomon Islands weighs taking over broadcaster
SOLOMON ISLANDS: In a move that opponents said is aimed at controlling and censoring the media, the government of the ...
Accidental airbag explosion blamed for 20th US deaths
WASHINGTON D.C.: In July, a Florida man was killed by exploding Takata airbag inflators, possibly becoming the 20th death in ...
After series of assassinations, Israel says it has eliminated all IJ leaders
Israel has launched an unprovoked war against the Palestinian resistance group Islamic Jihad. The Israeli army assassinated a high-ranking commander ...
American drone that killed Al Zawahiri in Kabul possibly launched from Kyrgyzstan
ISLAMABAD, Pakistan - Pakistan categorically denied on Thursday that a U.S. drone strike in Kabul that killed al-Qaeda chief Ayman ...
Indonesia workers strike when ticket price jumps to see Komodo dragons
EAST NUSA TENGGARA, Indonesia: Hundreds of Indonesian tourism workers went on strike this week to protest a sharp rise in ...
Treasure found in 350-year-old Spanish shipwreck off Bahamas
NASSAU, Bahamas: A team of explorers have announced that they have uncovered a treasure, including coins, gemstones and priceless jewels, ...
Bangladesh to send 600,000800,000 migrant workers to Malaysia in six moths
KUALA LUMPUR, Malaysia - After almost four years, the Bangladesh High Commission in Malaysia on Tuesday welcomed the first group ...
U.S. stocks on the defensive, Nasdaq slips 151 points
NEW YORK, New York - U.S. stocks fell Tuesday, with broad-based losses across the board. The technology sector, however, wore ...
Survey of economists says 2022 Turkey deficit could grow to $40.2 bln
ISTANBUL, Turkey: Turkey's current accounts are expected to record a deficit of $3.4 billion in June and end the year ...
Japan's Nikkei 225 drops 249 points as Asian stocks flounder
SYDNEY, NSW, Australia - Stocks in Asia were mixed Tuesday while in the Pacific, markets rose. The scene mirrored events ...
Bangladesh cuts fuel subsidies, raises fuel prices by 50 percent
DHAKA, Bangladesh: Bangladesh raised fuel prices by some 50 percent this week, which is aimed at reducing the country's subsidy ...
U.S. stocks start week on mixed note, Nasdaq Composite loses 13 points
NEW YORK, New York - U.S. stocks closed mixed on Monday as investors fret about CPI data due to be ...
