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Work on Shenzhen-HK link to continue
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CHINA will still work on a stock connect scheme between the Shenzhen and Hong Kong bourses, a securities regulator said yesterday.
Authorities will expand the quota of shares that can be traded under a similar program that already exists between Shanghai and Hong Kong, according to a speech by Fang Xinghai, vice chairman of the China Securities Regulatory Commission, published on the CSRC website.
The schemes allow investors to trade on both bourses under a quota and are seen as opening the capital market more on the Chinese mainland.
More efforts will be made to further integrate the mainland and Hong Kong capital markets, Fang was quoted as telling a seminar held in Shanghai that marked the first year of the Shanghai-Hong Kong Stock Connect.
The program will be improved in future while cross-border regulation and law enforcement will be strengthened, Fang said.
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