A system check will be carried out by the Shanghai Stock Exchange on Saturday to test its readiness for cross-border equities trading, the Hong Kong Economic Journal reported Friday.
The test is part of final preparations to enable market traders to conduct trials on the Hong Kong-Shanghai Stock Connect platform, the report said, citing Yao Gang, assistant chairman of the China Securities Regulatory Commission.
The Shanghai exchange has previously run brokers through their paces and the new test signals the imminent launch of the scheme, sources were quoted as saying.
However, Ceajer Chan, Hong Kong’s acting financial secretary, said no time table has been set.
Saturday’s trials will cover trading reports, transaction returns and stock news, according China Business News.
Regulators last week decided to delay the launch of cross-border trading due to technical problems and the ongoing Hong Kong protests, reports said.
– Contact us at email@example.com