Date
28 July 2017
Christopher Cheung urged securities regulators in Hong Kong to ensure safeguards exist and to step up their scrutiny when approving new listings in Hong Kong. Photo: HKEJ
Christopher Cheung urged securities regulators in Hong Kong to ensure safeguards exist and to step up their scrutiny when approving new listings in Hong Kong. Photo: HKEJ

Shenzhen-HK Stock Connect may come soon, lawmaker says

Details of the long-awaited Shenzhen-Hong Kong Stock Connect may be released next month, and the cross-border trading link could debut in the first quarter of next year, a lawmaker said.

In a report Friday, the Hong Kong Economic Journal quoted Christopher Cheung Wah-fung as saying the China Securities Regulatory Commission’s decision to resume approving applications for initial public offerings signals the regulator’s confidence in the equity market.

Cheung, a legislator representing the financial services functional constituency, urged securities regulators in Hong Kong to ensure safeguards exist and to step up their scrutiny when approving new listings in Hong Kong.

This was necessary, he said, to avoid potential market manipulation if small and medium-sized companies listed on the city’s Growth Enterprise Market board, which has limited transaction volumes, are included in the stock link.

Meanwhile, Cheung said, the parallel stock link with Shanghai has not been generating as much transaction volume as expected. 

He called on the authorities to help deepen mainland investors’ knowledge of Hong Kong’s stock market.

[Chinese version中文版]

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