What’s new: The stock exchanges of Shanghai, Shenzhen and Hong Kong as well as China Securities Depository and Clearing Corporation (CSDC) have reached a deal on adding exchange-traded funds (ETFs) to Stock Connect schemes.
The three bourses and CSDC “will work closely on the details of inclusion, including business and technical preparations such as amendments to relevant rules,” according to a statement issued Friday by Hong Kong Exchanges and Clearing Ltd. Such process will need an estimated six months to complete to help “expand and enhance the landmark mutual market access programme” between the capital markets of the mainland and Hong Kong, the statement said.
