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November 24, 2016

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New test to link stocks in HK and Shenzhen

THE Shenzhen Stock Exchange yesterday announced a new round of tests for the imminent program to link the Shenzhen and Hong Kong bourses.

Participants, including brokerages and fund companies, will simulate transactions, complete deal feedback and receive trading data, the Shenzhen bourse said.

The testing, the third this month, will run from 9am to 8pm on Saturday to ensure the reliability of all technical systems.

The Shenzhen-Hong Kong Stock Connect mechanism was approved in mid-August by the China Securities Regulatory Commission, which said about four months would be needed for regulatory, technical and other preparations.

A similar link between the Shanghai and Hong Kong bourses was launched in November 2014. Both schemes allow investors on the mainland and in Hong Kong to trade selected stocks on each other’s exchanges within a fixed daily quota.




 

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