As part of the market communication plan for Shenzhen-Hong Kong Stock Connect, the Stock Exchange of Hong Kong Limited (SEHK) and Hong Kong Securities Clearing Company Limited (HKSCC), wholly-owned subsidiaries of Hong Kong Exchanges and Clearing Limited (HKEX), has published the revised Information Book, Frequently Asked Questions and the proposed amendments to the Rules of the Exchange (the SEHK Rules), the General Rules of CCASS (CCASS Rules) and the CCASS Operational Procedures (CCASS OPs) in relation to Shenzhen Connect with a view to facilitating their Participants’ business and technical preparation for the program.
The current Information Book for Shanghai-Hong Kong Stock Connect has been enriched to include business and operational details of Shenzhen Connect, while the Frequently Asked Questions for market participants and investors have been consolidated. The draft amendments to the SEHK Rules, CCASS Rules and CCASS OPs mainly expand the coverage of the current SEHK and CCASS Rules and CCASS OPs to reflect differences in trading arrangements and market practices between Shanghai and Shenzhen.
HKEX has so far organised seven seminars for the business and operations staff of SEHK and HKSCC Participants and information vendors regarding Shenzhen Connect as part of its market readiness preparations, and announced dates for connectivity testing and market rehearsals scheduled for October and November to verify SEHK and HKSCC Participants’ technical readiness for Shenzhen Connect.
HKEX expects the Hong Kong market should be ready for the implementation of Shenzhen Connect in the second half of November. However, 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.