日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 99在线精品视频免费观看20 | 永久福利视频 | 国产福利小视频在线观看 | 国产福利小视频在线观看 | 欧美亚洲图区 | 精品国产123 | 天天舔天天操天天干 | 日韩中文一区二区 | 成人福利在线播放 | 欧美老司机| 在线看片日韩 | 精品亚洲在线 | 日韩久久一区 | 国产视频一区二区三区四区五区 | 国语对白永久免费 | 国产三级观看 | 日韩男人的天堂 | 丁香综合五月 | 在线观看h片 | 香蕉视频免费看 | 青青草原在线免费观看视频 | 欧美精品一区二区三区四区五区 | 毛片大全在线观看 | 久久视频免费在线观看 | 成人免费视频国产免费 | 自拍偷拍在线播放 | 啊v视频在线观看 | 日本一级片在线播放 | wwwxxx日本人 | 91裸体视频 | 日韩综合一区二区三区 | 亚洲欧美片 | 成人观看免费视频 | 精品国产一区二区三区久久久蜜月 | 激情综合婷婷 | 免费特黄视频 | 99热免费观看 | 亚洲视频h| 亚洲一区二区三区视频 | 三区在线观看 | 热久久免费视频 |