Chief Executive Leung Chun-ying will not attend the question and answer session at the Legislative Council originally scheduled for Thursday.
A government statement said the reschedule of the Q&A session is due to security concerns as “there was an outbreak of serious incidents last night involving the occupation of Lung Wo Road by protesters and ensuing scuffles … There have also been calls for protesters to surround the Legco”.
Moreover, the Office of the Chief Executive dismissed rumors that Leung was going to visit Shanghai on Thursday, according to a report by Sina.com.
Several mainland newspapers earlier reported that Leung planned to visit Shanghai to discuss preparations for the launch of the Shanghai-Hong Kong Stock Connect. The launch date for the long-awaited cross-border stock trading scheme has yet to be announced. Leung’s visit might give a final push to the ambitious plan allowing mutual access into the two stock markets, the reports said.
There were also rumors that the details of the program’s launch will be announced this Friday, and the cross-border trading itself will officially start on Oct. 27, local media reports said.
On the other hand, there is also talk that the launch will be delayed given the political standoff in Hong Kong. Nevertheless, regulatory bodies in Hong Kong said they have not received any notice of the launch date or whether there would be any delays.
Meanwhile, China has granted approval for a number of brokerages to offer trading services for the Stock Connect program.
The brokerages include Central China Securities, China Galaxy Securities and Haitong Securities, Securities Daily reported.
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