三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Markets

Change to settlement process boosts Stock Connect traffic

By XIE YU (China Daily) Updated: 2015-03-27 08:21

Change to settlement process boosts Stock Connect traffic

A poster for the Shanghai-Hong Kong Stock Connect is on display at a stock brokerage house in Nantong city, East China's Jiangsu province, November 17, 2014. [Photo/IC]

Traffic on the Shanghai-Hong Kong Stock Connect program may become much busier after the Hong Kong Exchange and Clearing Ltd said on Thursday that investors would be able to avoid the pre-trade quota check before transaction starting next Monday.

A small change in the settlement process could open the door for more participants in the Stock Connect. Fund managers including those with most big mutual funds domiciled in Europe's Luxembourg have been prevented from participating in the Stock Connect scheme, as it requires them to transfer shares to the brokerage from their custodian bank before sell orders are executed, which is contradictory to their compliance requirements.

The HKEx said in a statement on Thursday night that they are rolling out a significant enhancement to its Central Clearing and Settlement System on Monday to enable investors to settle their trades of A shares (Northbound trades) through Shanghai-Hong Kong Stock Connect similar to the way they settle their trades of Hong Kong stocks.

To put it another way, investors will only be required to transfer shares they are selling to their broker for settlement after their sell orders are executed.

Technically, the new service will allow investors to open Special Segregated Accounts in CCASS via its custodian participants or its general clearing participants which are not exchange participants.

"This new service is part of HKEx's ongoing effort to refine the Stock Connect program," said Calvin Tai, HKEx's head of global clearing (Asia). "SPSAs will make it easier for investors to minimize counterparty risk in A-share settlement and to maintain compliance with asset segregation and safe keeping requirements for institutional funds. They are expected to benefit exchange participants by giving them additional business opportunities."

"This is a major achievement to address a major concern from the institutional investors. We welcome the enhance model that provides a different option. But as for the implementation, I believe it still needs coordination from different parties on the value chain," said Hong Kong Investment Funds Association chief executive Sally Wong.

About 13,000 global mutual funds, or two-thirds of Europe's funds industry, are domiciled in low-tax Luxembourg. These include heavyweights such as Blackrock, Templeton and Fidelity, part of Luxembourg's 3 trillion euro ($3.28 trillion) asset management industry.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 男人黄女人色视频在线观看 | 香蕉97碰碰视频在线看 | 久久国产精品久久国产精品 | 国产极品在线观看视频 | 成人区在线观看免费视频 | 亚洲精品国产专区一区 | 久久精品综合免费观看 | 成人国产在线看不卡 | 欧美成人aaa大片 | 伊人精品视频一区二区三区 | caopon在线 | 成年人午夜影院 | 久久久久久久综合狠狠综合 | 成年人激情网 | 91精品国产免费久久久久久青草 | 深夜精品影院18以下勿进 | 可以免费观看的一级毛片 | 国产小视频91 | 久久精品91 | 天天色亚洲 | 在线观看免费视频一区 | 亚洲福利院 | 草草草网站 | 日韩毛片免费视频 | 中文字幕日韩精品亚洲七区 | 欧美啪| 精品久久久在线观看 | 最新日韩中文字幕 | 免费看黄在线观看 | 特黄大片aaaaa毛片 | 亚洲一级黄色大片 | 国产一区中文字幕在线观看 | 色yeye成人免费视频 | 亚洲成年人网 | 欧美伦理片在线播放 | 日韩视频第一页 | 国产黄色片大全 | 欧美换爱交换乱理伦片免费观看 | 精品精品国产高清a毛片 | 亚洲邪恶 | 黄色免费a级片 |