Launch of Shenzhen-Hong Kong Stock Connect
November 25, 2016

The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) say they have approved the launch of Shenzhen-Hong Kong Stock Connect after finalising all necessary regulatory approvals and arrangements required for its commencement.

Under the joint announcement issued today by the SFC and the CSRC, trading through Shenzhen-Hong Kong Stock Connect will start on December 5.

"The expanded trading link will further strengthen mutual access between the Mainland and Hong Kong stock markets. Similar to the arrangements for Shanghai-Hong Kong Stock Connect, the two regulators have established mechanisms to protect the integrity of both markets under Shenzhen-Hong Kong Stock Connect," the SFC's Chairman, Carlson Tong said.

The regulatory arrangements for Shenzhen-Hong Kong Stock Connect include an expansion of cross-boundary regulatory cooperation to facilitate real-time surveillance by the SFC and the CSRC of activity in their respective markets under the programme.

Earlier, the two regulators also entered into a new memorandum of understanding on strengthening cross-boundary regulatory and enforcement cooperation which will supersede the previous memorandum of understanding applicable to Shanghai-Hong Kong Stock Connect.

Earlier this week, the SFC launched a three-month consultation on proposals to enhance the regulation of the asset management industry in Hong Kong to better protect investors' interests and ensure market integrity.

The SFC says it formulated the proposals following a review of the major international regulatory developments, and taking into account observations and views of industry stakeholders.

Said Ashley Alder, the SFC's Chief Executive Officer: "A robust and responsive regulatory regime is fundamental to the development and growth of an international asset management centre. As part of the SFC's broader initiative to enhance Hong Kong's position as a major international asset management centre, it is important to ensure that our regulations are properly benchmarked to evolving international standards."

The proposed changes will be made to the SFC's Fund Manager Code of Conduct (FMCC) and the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (Code of Conduct). Details are set out in the consultation paper.





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The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) say they have approved the launch of Shenzhen-Hong Kong Stock Connect after finalising all necessary regulatory approvals and arrangements required for its commencement.

Under the joint announcement issued today by the SFC and the CSRC, trading through Shenzhen-Hong Kong Stock Connect will start on December 5.

"The expanded trading link will further strengthen mutual access between the Mainland and Hong Kong stock markets. Similar to the arrangements for Shanghai-Hong Kong Stock Connect, the two regulators have established mechanisms to protect the integrity of both markets under Shenzhen-Hong Kong Stock Connect," the SFC's Chairman, Carlson Tong said.

The regulatory arrangements for Shenzhen-Hong Kong Stock Connect include an expansion of cross-boundary regulatory cooperation to facilitate real-time surveillance by the SFC and the CSRC of activity in their respective markets under the programme.

Earlier, the two regulators also entered into a new memorandum of understanding on strengthening cross-boundary regulatory and enforcement cooperation which will supersede the previous memorandum of understanding applicable to Shanghai-Hong Kong Stock Connect.

Earlier this week, the SFC launched a three-month consultation on proposals to enhance the regulation of the asset management industry in Hong Kong to better protect investors' interests and ensure market integrity.

The SFC says it formulated the proposals following a review of the major international regulatory developments, and taking into account observations and views of industry stakeholders.

Said Ashley Alder, the SFC's Chief Executive Officer: "A robust and responsive regulatory regime is fundamental to the development and growth of an international asset management centre. As part of the SFC's broader initiative to enhance Hong Kong's position as a major international asset management centre, it is important to ensure that our regulations are properly benchmarked to evolving international standards."

The proposed changes will be made to the SFC's Fund Manager Code of Conduct (FMCC) and the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (Code of Conduct). Details are set out in the consultation paper.



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