HKEx working with regulators, brokers to boost southbound trade
Singapore
THE Hong Kong stock exchange is working with regulators to fan interest among mainland investors to trade Hong Kong stocks via the Shanghai-Hong Kong stock connect.
This includes studying how the door can be flung wider to allow more investors in the southbound trade, given the current restriction that mainland investors must have at least 500,000 yuan (S$106,000) in their account balance in order to participate.
"Whether we are able to lower or eliminate this barrier is something we will work on with our regulators," said Hong Kong Exchanges and Clearing Limited (HKEx) chief executive Charles Li in his latest blog post on Sunday.
HKEx is also working with the broker community to help promote the scheme and get more research go…
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