CSRC clarifies beneficial ownership rules on Connect

Foreign investors enjoy proprietary rights in their A-share holdings under Stock Connect, the Chinese securities regulator has confirmed. In an official clarification of the issue of beneficial ownership, which has plagued the cross-border trading link since its launch, the regulator late last week provided an FAQ to address concerns. The move has been welcomed as providing certainty to investors, some of whom have been deterred from using the link because of the opaque regulato…