Date
19 October 2017

Shenzhen exchange kicks off T+0 settlement scheme, paper says

The Shenzhen Stock Exchange has introduced a same-day settlement scheme for turnaround trading, also known as “T+0”, of gold exchange traded funds (ETFs) and listed money market funds, the Shanghai Securities News reported Monday. Under existing rules, securities bought by investors cannot be resold before settlement, except for turnaround trades. Turnaround trade refers to a complete or partial resale of securities after confirmation of execution but before settlement, the report said.

– Contact HKEJ at [email protected]

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