2023-08-11 21:38:30
BEIJING, Aug. 11 (Xinhua) — The China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission jointly announced the implementation of block trading, or manual trades, under the Mutual Market Access Program today (Friday).
Under the Stock Connect program, Hong Kong investors will be able to conduct block trades on the Shanghai Stock Exchange and Shenzhen Stock Exchange via the Northern Trading Link, while mainland investors will be able to conduct manual trades on the Hong Kong Stock Exchange Limited via a link. southern circulation.
The announcement said the initiative will further enhance the “Stock Connect” program arrangements, provide more trading mechanisms, improve trading efficiency, and support the mutual development of capital markets in both the mainland and Hong Kong.
The China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission will supervise the exchanges and clearing houses of the two sides in studying the commercial, technical and regulatory arrangements for the implementation of block trading, and the two committees will conduct market consultations as appropriate, and develop an implementation proposal.
The data showed that as of the end of July, the net capital inflow under the Stock Connect software northern trading link between the Shanghai Stock Exchange and the Hong Kong Stock Exchange amounted to 1.02 trillion yuan (regarding 142.5 billion US dollars), while the net capital inflow between the Shenzhen Stock Exchange and the Stock Exchange was Hong Kong more than 930 billion yuan.
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