Brokers and investors in Greater China are preparing to test their trading systems with stock exchanges in Hong Kong and Shanghai in the next two weeks ahead of the October launch of Shanghai-Hong Kong Stock Connect. Hong kong exchanges and clearing last week said that, once market readiness tests were complete, it would publish a list of eligible brokers on its website. The china securities regulatory commission and the SAR's securities and futures commission announced the programme in April and said stocks would begin trading between Shanghai and Hong Kong six months after the announcement. That tight schedule means some brokers and investors that intend to use the scheme will not be ready to buy and sell from day one. It also means that some of the complaints market participants have filed about the trading platform's rules will not be resolved in time.
展开▼
