Shanghai-Hong Kong stock link to launch next week

The Shanghai-Hong Kong Stock Connect will start on Nov. 17, the Securities and Futures Commission of Hong Kong and the China Securities Regulatory Commission jointly announced on Monday.

According to a statement released by the Hong Kong Exchanges and Clearing Limited (HKEx), the relevant rules and regulations of the Parties with regard to the Trading Links and the Clearing Links have been published.

The HKEx statement also said detailed operational agreements covering matters such as quota controls, trading arrangements, revenue sharing, cross-boundary cash transfers, connection of information technology systems, market surveillance and information exchange for regulatory and rule enforcement purposes have been executed by the Parties; and the necessary approvals and authorizations have been granted by the relevant regulators.