Financial Secretary John Tsang today welcomed confirmation that the Shanghai-Hong Kong Stock Connect would launch next Monday and thanked the Central Authorities for supporting Hong Kong in the initiative.
Mr Tsang also thanked the relevant regulatory authorities from both sides, and the exchanges and clearing companies of Hong Kong and Shanghai which have carried out tremendous preparatory work for the scheme.
"We will continue to exert our best efforts to carry out various monitoring and risk management work so that the Shanghai-Hong Kong Stock Connect will contribute to the economic and financial reforms of our country and reinforce Hong Kong's position as an international financial centre," he said.
The China Securities Regulatory Commission and the Securities & Futures Commission issued a joint announcement today stating that the Shanghai-Hong Kong Stock Connect would start trading on November 17.
Through enhancing mutual stock market access between Hong Kong and Shanghai, the programme promotes the gradual opening up of the Mainland's capital accounts and the renminbi's internationalisation.
The collaboration project will reinforce Hong Kong's position as a premier international financial centre and strengthen the city's role as an offshore renminbi business centre.
