Shenzhen Connect approved: ETFs to come and no total volume cap
The long-awaited trading link received approval yesterday and is set for launch in December with no aggregate volume limit and exchange-traded funds to be included next year.
Amid feverish recent speculation, the Shenzhen-Hong Kong Stock Connect got the green light yesterday evening and is slated to go live in December. It will have two key differences from its Shanghai counterpart: no aggregate limit on trading volume, and exchange-traded funds (ETFs) will be included next year.
The four-month delay before launch is designed to give securities firms four months to prepare, said China Securities Regulatory Commission (CSRC) and Hong Kong's Securities a…
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