HK regulator plans investor identification system around mid 2018
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[HONG KONG] Hong Kong's securities regulator plans to implement a real-time investor identification system for "northbound" stock trading around mid 2018, its chief executive said on Tuesday, in a move aimed at detecting potential misconduct.
Northbound stock trading means foreign investors will be able to buy and sell Chinese stocks via two-way trading between stock markets in Hong Kong and Shanghai and Shenzhen, as part of Beijing's efforts to open up capital markets.
The regulator sees "enormous" potential for trading of risk management products in the Asian financial hub, said Ashley Alder, CEO of the Securities and Futures Commission, while speaking at the Thomson Reuters Pan-Asian Regulatory Summit in Hong Kong.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
