Saturday, December 20, 2014   

550b yuan daily limit set for cross-border stock trades
(04-10 14:22)

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
   
Other Business breaking news:
Govt looks to provide 20k flats this year (12-19 17:21)
German consumer confidence on the rise (12-19 16:58)
BYD recovers partially after plunge (12-19 16:29)
Hang Seng finishes higher (12-19 16:28)
BOC Aviation adds two more Boeing jets to earlier order spree (12-19 14:46)
Nikkei finishes higher (12-19 14:24)
Hang Seng jumps at noon (12-19 13:02)
BoJ strikes more upbeat view on economy, holds off fresh measures (12-19 12:16)
China total GDP revised up 3.4% in 2013: govt (12-19 11:26)
Nikkei up by break (12-19 11:17)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.