China and Hong Kong securities regulators to introduce block trading under Stock Connect
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
