(Yicai Global) Oct. 31 -- The Shenzhen-Hong Kong Stock Connect program is not likely to begin operations close to the Christmas holidays, Hong Kong media reported Mr. Charles Li, CEO of the Hong Kong Exchanges and Clearing Ltd. [HKG:0388], as saying today.
This shifts previous predictions to a most likely opening date of Nov. 28. The markets will need two weeks to make final preparations after the date is revealed.
The Shenzhen-Hong Kong stock connect program will link A-shares listed in Shenzhen with Hong Kong stocks to facilitate cross-border securities investment. The Shenzhen-Hong Kong Stock Connect has been strongly favored in international road shows in both Europe and the US, Mr. Li said.