Real-Name Registration Applies Only to Shanghai-HK, Shenzhen-HK Stock Connects, HKEX Says
Xu Wei
DATE:  Aug 29 2017
/ SOURCE:  Yicai
Real-Name Registration Applies Only to Shanghai-HK, Shenzhen-HK Stock Connects, HKEX Says Real-Name Registration Applies Only to Shanghai-HK, Shenzhen-HK Stock Connects, HKEX Says

(Yicai Global) Aug. 28 -- Per the requirement of China Securities Regulatory Commission (CSRC) for Hong Kong to institute a real-name registration system prior to inception of the Mainland China-Hong Kong market connection, Hong Kong Exchanges and Clearing Ltd. (HKEX) has confirmed that China and Hong Kong regulatory institutions are discussing the timetable for such a real-name regime.

Mainland and Hong Kong regulators are studying relevant matters while HKEX as a main participant in the interconnection has always been a party to such talks. If a real-name system is instituted, it will only apply to investors in the Shanghai-Hong Kong and Shenzhen-Hong Kong stock connects, HKEX said.

CSRC is requiring Hong Kong to implement the system next year to further push the mainland China and Hong Kong interconnection, Hong Kong Economic Journal quoted insiders as saying yesterday.

The Closer Economic Partnership Arrangement between Mainland China and Hong Kong (CEPA) signed in June stipulates that relevant authorities in the mainland and Hong Kong will set up a real-name system for investors under the interconnection mechanism and formulate a corresponding timetable to that end.

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Keywords:   Hong Kong,Stock Connect,Stock Market