Hong Kong Exchanges and Clearing Limited (HKEX) welcomes the joint announcement today (Friday) by Hong Kong’s Securities and Futures Commission and the China Securities Regulatory Commission on the adjustments to the trading calendar between the Hong Kong and Mainland China markets under Stock Connect.
After the enhancements, the Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of HKEX, Shanghai Stock Exchange and Shenzhen Stock Exchange will concurrently allow trading under Stock Connect on all trading days when both the Hong Kong and Mainland China markets are open.
HKEX Chief Executive Officer Nicolas Aguzin said: “The enhancements to the trading calendar will further deepen cross-border market accessibility of the Stock Connect programme, enabling Hong Kong and global investors to enjoy wider access to the Mainland China markets and providing Mainland investors with more opportunities to engage with our markets. We are committed to working with our regulators and business partners to enhance mutual access between the capital markets of Mainland China and Hong Kong as we build on our strategy of Connecting China and the World.”
HKEX will work with its partners in Hong Kong and Mainland China to make relevant preparations for the enhanced trading calendar. A further announcement on the official commencement date will be made in due course.
Under the existing Northbound arrangements for Stock Connect, trading is available on a Hong Kong trading day (T day), when both the Hong Kong and Mainland China markets are open and banking services are available in both markets on the corresponding money settlement day (T+1 day).
As such, Northbound trading on Stock Connect would be closed on the trading day before a Hong Kong public holiday (H-1) because banking services are not available in the Hong Kong market on public holidays. The announced adjustment will enable Northbound trading under Stock Connect on all trading days that are mutual to the Hong Kong and Mainland China markets. Similar adjustments will also be made to the Southbound arrangements of Stock Connect.
Please refer to the circular for details of the enhancements to the trading calendar under Stock Connect.
Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metals Exchange.
As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets.
HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.