Mutual market connectivity confusion
03 April 2014
Category: News, Asia, China, Hong Kong
By Asia Asset Management
Hong Kong Exchanges and Clearing Limited (HKEx) released a statement on April 2 in response to press reports regarding the possible establishment of certain mutual market connectivity between mainland China and Hong Kong involving HKEx and the Shanghai Stock Exchange.
HKEx revealed that it has been in discussions with its mainland Chinese counterparts regarding the potential establishment of mutual market connectivity initiatives between mainland China and Hong Kong.
However, HKEx emphasised that as at the date of the announcement (April 2), no agreement had been entered into and there is no assurance that an agreement on mutual market connectivity will be entered into. HKEx said it would make a further announcement to update investors and the market in compliance with the SFO and the Listing Rules as and when appropriate.