Launch of the optimization of the calendar of the Shanghai -Shenzhen -Hong Kong -Stock Connect Trading Calendar

The China Securities Regulatory Commission said on August 12 that, recently, with the consent of the State Council, the China Securities Regulatory Commission and the Hong Kong Securities Regulatory Commission approved the Shanghai Stock Exchange, Shenzhen Stock Exchange, the Hong Kong Stock Exchange, China Settlement and Hong Kong Settlement to carry out the optimization of the calendar of the Shanghai -Shenzhen -Hong Kong Open trading calendar. After the optimization, the Shanghai -Shenzhen -Hong Kong three joint trading days can open the Shanghai -Shenzhen -Shenzhen -Hong Kong -Hong Kong Connect transactions.

Screenshot of the CSRC's official website

According to estimates, after the transaction calendar is optimized, it is expected that the number of days that cannot be traded will be reduced by about half. According to the information of the CSRC, the comprehensive consideration of this optimization work increases the impact of the trading day on investors, exchanges, settlement companies, and market institutions. On the basis of basically not changing the operation logic of the Shanghai -Shenzhen -Hong Kong Congress mechanism, the opening of the openness due to the dissatisfaction of the settlement arrangement is not satisfied with the settlement arrangement. And the closed Shanghai -Shenzhen -Hong Kong -General Trading Day.

In terms of specific arrangements, the two -place settlement company will carry out capital settlement on holidays. The two -place exchanges and settlement companies will settle the settlement date of the new trading day and the equity registration date of the stock registration involved in the Shanghai -Shenzhen -Hong Kong Standard. The behavior business is adjusted and the corresponding risk management measures are formulated.

A person in charge of the Securities Regulatory Commission said that in 2014 and 2016, the Shanghai -Shenzhen -Hong Kong Stock Connect was opened, and the overall operation was stable. As of the end of June this year, Shanghai -Shenzhen Stock Connect holds a market value of 2.55 trillion yuan in A shares, and the Hong Kong Stock Connect holding a market value of Hong Kong stocks is 1.91 trillion yuan, which has become an important force participating in the operation of the two places. With the deepening of the development of the interconnection mechanism, investors in the two places have increased their demand for optimizing the calendar of Shanghai -Shenzhen -Hong Kong -connected transactions and increasing trading days.

The person in charge said: "The optimization of the calendar of the Shanghai -Shenzhen -Hong Kong -Hong Kong -connected trading calendar can better meet the reasonable needs of domestic and foreign investors to participate in the allocation of equity and interests of capital markets in the two places, which is conducive to further improving the interconnection mechanism of the mainland and the Hong Kong stock market. Enhance the attraction of the capital market between the two places, consolidate the status of the international financial center of Hong Kong, and promote the long -term stable and healthy development of the capital market in the Mainland and Hong Kong. "(Reporter Liu Hui)

- END -