HKEX Signs Information-Sharing Agreements with SSE and SZSE Under Stock Connect | LeapRate
On Friday, the Hong Kong Exchanges and Clearing Limited (HKEX) announced that its wholly-owned subsidiary, the Stock Exchange of Hong Kong Limited (SEHK), has signed Memoranda of Understanding (MOUs) with the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE) to deepen collaboration and information exchange under Stock Connect.
The agreements aim to support the continued development of the mutual market access programme, which has facilitated cross-border trading between Hong Kong and Mainland China since its launch in 2014.
Under the MOUs, SEHK will support its participants engaged in proprietary trading under Northbound Stock Connect in voluntarily sharing relevant trading information with SSE or SZSE.
The agreements are said to be designed to help participants better comply with the programme trading rules of the two Chinese Mainland exchanges.
Stock Connect has recorded robust growth in trading volumes alongside continuous enhancements since its launch, with Northbound Stock Connect becoming a major channel for international investors seeking access to A-shares.
Looking ahead, the three exchanges said they will continue working closely with regulators and other stakeholders to further enhance Stock Connect, supporting diversified asset allocation by investors in both markets and the healthy, orderly development of the Connect programme.
