Chief Executive CY Leung has welcomed the launching of the Shanghai-Hong Kong Stock Connect.
The China Securities Regulatory Commission and the Securities & Futures Commission announced today the approval for the pilot programme to start trading on November 17.
Mr Leung expressed his sincere thanks to the state leaders and the Central Government for trusting and supporting Hong Kong.
The chief executive wished the Shanghai-Hong Kong Stock Connect a smooth implementation, and believes that Hong Kong's financial market could make a greater contribution to the reform and opening up of the country, as well as to the stability and prosperity of Hong Kong.
The Hong Kong Monetary Authority also welcomed the announcement today. Its Chief Executive Norman Chan noted that it marks an important milestone in the liberalisation of the Mainland's capital account.
He added that the linking of the Hong Kong and Shanghai stock markets will also propel the development of offshore renminbi business in Hong Kong to new heights.
