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China-HK Trading on ETF Connect to start July 4

The China Securities Regulatory Commission and Hong Kong's Securities and Futures Commission have announced that trading of exchange-traded funds in the Stock Connect scheme linking Hong Kong with the mainland will commence on July 4. The mainland and Hong Kong regulators said they have reached a consensus on cross-border regulatory cooperation and investor education regarding the inclusion of ETFs in the scheme and will strengthen cooperation on enforcement against cross-border illegal activities and market misconduct to maintain an orderly market and protect investors. SFC chief executive Ashley Alder said the inclusion of ETFs is an important milestone as it is the first time that the Stock Connect scheme has been expanded beyond stock trading. The move will facilitate Hong Kong's development to become a hub for ETFs and strengthen its unique role in linking international capital with the mainland market.

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