|550b yuan daily limit set for cross-border stock trades
A 550 billion yuan daily limit has been set under the pilot stock trading scheme between Hong Kong and Shanghai that was announced today.
Hong Kong and mainland regulators outlined the cross-boundary investment quota in a joint statement on the mutual stock trading program called the Shanghai-Hong Kong Stock Connect.
The tradable limit for stocks on the Hong Kong bourse was set at 250 billion yuan a day, while a 300 billion yuan limit applies for Shanghai stocks, the China Securities Regulatory Commission and the Securities and Futures Commission announced in a statement.
The pilot program will operate between the Shanghai Stock Exchange, the Stock Exchange of Hong Kong, China Securities Depository and Clearing Corporation Limited (ChinaClear) and
Hong Kong Securities Clearing Company.
Eligible shares include all the constituents of the SSE 180 Index and SSE 380 Index, and shares of all SSE-listed companies which have issued both A shares and H shares. Shares eligible to be traded in Hong Kong comprise all the constituents of the Hang Seng Composite LargeCap Index and Hang Seng Composite MidCap Index, and shares of all companies listed on
both SSE and SEHK. --The Standard