Read full post at forexlive.com
It’s a Hong Kong public holiday for the day following the Chinese Mid-Autumn Festival
—
China / Hong Kong Stock Connect is a mutual market access program that allows investors in mainland China and Hong Kong to trade and invest in each other’s stock markets. This initiative aims to facilitate cross-border trading, broadening market access for international investors and providing more liquidity to both markets. Here’s a breakdown:
Two Main Programs:
Northbound Trading: Allows international and Hong Kong investors to buy eligible shares listed on the Shanghai and Shenzhen exchanges through the HKEX.
Southbound Trading: Enables mainland Chinese investors to trade eligible shares listed on the Hong Kong Stock Exchange through the SSE or SZSE.
Quota Systems: The program initially had daily and aggregate quotas for trading to ensure controlled market access, though the aggregate quota was later removed in 2018. Daily quotas still limit the amount of money that can flow in and out each day.
In summary:
This article was written by Eamonn Sheridan at www.forexlive.com.
Leave a Reply