China's securities regulator expands stock connect schemes to include REITs and supports yuan-denominated securities trading in Hong Kong, aiming to strengthen its status as an international financial center.
China's securities regulator has announced measures to boost cooperation between the mainland and Hong Kong's capital markets. The scope of eligible exchange-traded funds (ETFs) under the Shanghai-Hong Kong and Shenzhen-Hong Kong stock connect schemes will be expanded to support Hong Kong's efforts to strengthen its status as an international financial center. Real estate investment trusts (REITs) will be incorporated into the schemes, and the inclusion of yuan-denominated securities in southbound stock connect scheme trading will be supported. The China Securities Regulatory Commission (CSRC) will also enhance the mutual recognition of funds and support the listing of leading mainland companies in the Hong Kong market.
April 19, 2024
15 Articles