SZSE Optimizes the Trading Calendar for Shenzhen-Hong Kong Stock Connect
To implement relevant requirements specified in theJoint Announcement of CSRC and Securities and Futures Commission of Hong Kongreleased in August 2022, SZSE issued theNotice on Matters Concerning Increasing the Trading Days for Shenzhen-Hong Kong Stock Connecton January 19, 2023, to further improve the Connectivity Mechanism for Shenzhen and Hong Kong Stock Markets.
The optimization of the trading calendar for Shenzhen-Hong Kong Stock Connect allows all transactions to proceed via Shenzhen-Hong Kong Stock Connect on the trading days of both markets, which increases the days available for trading and investment opportunities, and enhances the trading efficiency of Shenzhen-Hong Kong Stock Connect. Besides, the move regarding specifying the definition about the added trading days for Shenzhen-Hong Kong Stock Connect, transaction related arrangements and risk control measures will facilitate investment in both markets by domestic and overseas investors via Shenzhen-Hong Kong Stock Connect. It’s estimated that the number of non-trading days in 2023 will decrease by about a half year-on-year. Individual investors who trade via Shenzhen-Hong Kong Stock Connect will see changes in the number of trading days, but no impact on the settlement of funds.
SZSE earlier has closely collaborated with market participants on various preparations including technical tests. Next, SZSE will continue to be in accordance with the unified deployment of CSRC, work with all parties concerned to monitor the operation of the business, make all-out efforts to ensure the steady implementation of the optimized trading calendar for Shenzhen-Hong Kong Stock Connect, further refine the connectivity mechanism, and help advance the high-level institutional two-way opening-up of the capital markets.
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