Friday April 19 2024
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
On 19th April 2024, the Securities and Futures Commission (SFC) supported the five measures announced by the China Securities Regulatory Commission (CSRC) to further enhance the Stock Connect and to support Hong Kong’s strengthening of its status as an international financial centre.
Specifically, the measures include:
- expanding the scope of eligible exchange-traded funds (ETFs) under the Stock Connect;
- incorporating real estate investment trusts (REITs) into the Stock Connect;
- supporting the inclusion of RMB-denominated stocks into southbound Stock Connect;
- enhancing the scheme of mutual recognition of funds; and
- supporting the listing of leading Mainland companies in Hong Kong.
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