China Establishes Special Group to Launch Shenzhen-HK Stock Connect: Caixin

SHANGHAI – China’s securities regulator has recently established a dedicated task force aimed at implementing the Shenzhen-Hong Kong Stock Connect program, according to reports from a Chinese magazine.

This team, led by Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), is tasked with coordinating efforts among various departments within the CSRC, relevant government agencies, and regulatory bodies in both China and Hong Kong.

The Shenzhen-Hong Kong Stock Connect is a cross-border investment initiative similar to the Shanghai-Hong Kong Stock Connect, which was introduced in November 2014. This program enables mainland investors to purchase stocks listed in Hong Kong and vice versa.

The Hong Kong Exchanges and Clearing Ltd has stated in its mid-year report that it is technically prepared for the Shenzhen-Hong Kong Connect initiative and is currently awaiting regulatory approval.

Chinese Premier Li Keqiang indicated in March that efforts are underway to launch the connect scheme within this year.