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China announces Shanghai-HK stock market access

CHINESE mainland securities regulator and its Hong Kong counterpart said today that they would allow cross-exchange equity investment between Shanghai and Hong Kong stock exchanges, as part of an effort to further open up mainland’s capital market and boost competiveness of the both bourses.

A pilot program is expected to be launched in six months to offer mainland investors access to invest in certain shares of designated companies listed in Hong Kong, while letting Hong Kong investors buy selected Shanghai-listed shares.

The China Securities Regulatory Commission (CSRC), in a joint statement with the Hong Kong Securities and Futures Commission, said the pilot scheme would be limited to companies already listed in both Shanghai and Hong Kong, as well as other selected blue-chip companies.




 

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