Optimized Trading Calendar of Shenzhen-Hong Kong Stock Connect Officially In Effect
With the approval of CSRC and the Securities & Futures Commission of Hong Kong (SFC), the optimized trading calendar of the Shenzhen-Hong Kong Stock Connect and the Shanghai-Hong Kong Stock Connect will officially go live on April 24. On April 21, SZSE’s subsidiary China Innovation Market Service Co., Ltd. released the notice on the trading day arrangements for southbound trading under the Shenzhen-Hong Kong Stock Connect during the Labor Day holiday in 2023 and advised investors to pay attention to newly added trading dates.
Earlier, affected by the difference in holiday and settlement arrangements in mainland China and Hong Kong, local investors were unable to trade in the counterpart market even though it was open. After the optimized trading calendar is implemented, the trading of the Shenzhen-Hong Kong Stock Connect will become available in the two markets on all common trading days. According to the notice, before the Labor Day holiday in 2023, April 27 and April 28 are newly added trading days, on which domestic investors can participate in southbound trading. Members or other institutions using marketing units who participate in southbound trading on the newly added trading days shall make proper fund settlement arrangements according to requirements. As for ordinary investors, there are no changes in fund settlement.
According to theNotice on Matters Regarding Newly Added Trading Days for Southbound Tradingand other relevant business notices released by SZSE, besides the Labor Day holiday, two new trading days for southbound trading will be added before the Dragon Boat Festival, the Mid-Autumn Festival and the National Day holiday in 2023 respectively. Therefore, the non-trading days for the Shenzhen-Hong Kong Stock Connect will be halved for the whole year compared with last year. SZSE will, according to the unified plan of CSRC, continue to ensure proper guarantee for the implementation of the optimized trading calendar together with SSE and CSDC, refine the connect mechanism, and promote high-standard two-way opening up of the capital market.
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