Shenzhen-Hong Kong Stock Connect (Shenzhen Connect) is expected to be launched in the second half of November 2016, according to the Hong Kong Exchanges and Clearing Limited (HKEX).
Shenzhen Connect, upon launch, will mark another milestone in HKEX’s market connectivity with Mainland China.
The following documents have been published by HKEX to facilitate the business and technical preparation of participants:
- Revised Information Book for Market Participants
- Revised Frequently Asked Questions
- Proposed amendments to the Rules of the Exchange
- Proposed amendments to the General Rules of the Central Clearing and Settlement System (CCASS)
- Proposed amendments to the CCASS Operational Procedures
The proposed amendments and revisions aim to include business and operational details of Shenzhen Connect. They also expand the coverage of the current rules and operational procedures to reflect the differences in trading arrangements and market practices between Shanghai and Shenzhen.
The commencement of Shenzhen Connect is subject to market readiness, and approval by the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission.
HKEX has organised a series of seminars for the business and operations staff of The Stock Exchange of Hong Kong Limited (SEHK), the participants of Hong Kong Securities Clearing Company Limited (HKSCC), and information vendors regarding Shenzhen Connect as part of its market readiness preparations.
HKEX has also announced dates for connectivity testing and market rehearsals scheduled for October and November to verify SEHK and HKSCC participants’ technical readiness for Shenzhen Connect.