久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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: 一级片免费在线播放 | 成年人免费的视频 | 国产美女三级做爰 | 国产日韩欧美在线观看播放 | 日韩黄在线观看免费视频 | 永久精品免费影院在线观看网站 | 久久亚洲国产精品五月天 | aaa一级毛片免费 | 91精品久久一区二区三区 | 国产精品久久毛片蜜月 | 欧美极度极度另类 | 国产a国产片 | 色综合a | 一级做α爱过程免费视频 | 波多野结衣一区二区三区在线观看 | 久久精品中文字幕有码日本 | 亚洲综合小视频 | 欧美67194| www.久操| 欧美韩国日本 | 免费一级成人毛片 | 欧美a级毛片免费播敢 | 毛片成人 | 欧美最刺激好看的一级毛片 | 波多野结衣手机视频一区 | 成年女人看片免费视频频 | 国产精品久久久久久久久久一区 | 日韩一级一片 | 美国一级视频 | 久久男人的天堂 | 99热热久久这里只有精品166 | 久久国产精品自线拍免费 | 国产精品久久不卡日韩美女 | 成人怡红院视频在线观看 | 怡红院在线视频全部观看 | 尤物蜜芽福利国产污在线观看 | 国产99视频精品免费视频免里 | 韩国三级大全久久网站 | 色播亚洲精品网站 亚洲第一 | 欧美精品三区 | 国产精品久久久久久一区二区三区 |