Hong Kong Exchanges and Clearing Limited (HKEX), the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE), announced today (Friday) planned adjustments to market data dissemination for Southbound trading and Northbound trading under the Stock Connect programme.
The adjustments are part of a commitment to the continued development of the mutual market access programme, under the guidance of the China Securities Regulatory Commission (CSRC) and Hong Kong's Securities and Futures Commission (SFC). The adjustments, in line with the Stock Connect's “home market principle”, will be implemented to ensure that market data dissemination for Southbound trading and Northbound trading aligns with the relevant data disclosure practices on the Hong Kong market and Mainland China's A-share market, respectively.
The arrangements after the adjustments are set out below:
Southbound Stock Connect (following Hong Kong market practice):
- Real-time available daily quota balance will be shown when it falls below 30%; otherwise indicated as “Available”.
- Dissemination of other data will remain unchanged.
Northbound Stock Connect (following the market practice of Mainland China's A-share market):
- Real-time available daily quota balance will be shown when it falls below 30%; otherwise indicated as “Available”.
- Real-time buy, sell and total turnover will not be available; historical daily/ monthly total market turnover, number of trades, ETF turnover, and turnover of the top 10 most actively traded stocks will be shown.
- Real-time available short selling balance for individual stock will be shown when it falls below 300,000 shares; otherwise indicated as “Available”.
- Shareholding by CCASS Shareholding Search and Stock Connect Northbound Shareholdings Search will be available quarterly on the 5th Northbound trading day following the quarter end.
For more details on the Northbound adjustments, please refer to the Q&As on the websites of the SSE and SZSE.
To ensure that all market participants have adequate time for preparation, the adjustments will be carried out in two stages. In the first stage, approximately one month from the date of this announcement, the real-time market data dissemination adjustments for Northbound trading will be made. In the second phase, approximately four months from the date of this announcement, the remaining adjustments will be implemented.
HKEX, together with the SSE and SZSE, and under the guidance of the CSRC and SFC, remains fully committed to the further enhancement of Stock Connect, supporting the development of both the Hong Kong and Mainland China markets.
About HKEX
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 Metal 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 the 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.
www.hkexgroup.com