China and Hong Kong securities regulators to introduce block trading under Stock Connect
Add BT as a preferred source
CHINA and Hong Kong securities regulators have reached a consensus on introducing block trading in the Stock Connect Scheme, they said in a joint announcement on Friday (Aug 11).
Block trading provides an alternative mechanism to enable market participants to execute large-sized transactions, according to the Securities and Futures Commission (SFC).
Hong Kong chief executive John Lee said the measure would “further facilitate the mutual access and concerted development of the two capital markets.”
The China Securities Regulatory Commission (CSRC) and the SFC said they would supervise the respective exchanges and clearing houses in studying the business, technical and regulatory arrangements for the introduction of block trading. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
