国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

CSRC gears up for stock link

By Cai Xiao (China Daily) Updated: 2016-08-13 07:35

CSRC gears up for stock link

An investor checks stock prices at a securities brokerage in Fuyang, Anhui province. Lu Qijian / for China Daily

Hang Seng Index rises to eight-month high on speculation start date soon to be announced

Securities regulators of the Chinese mainland and Hong Kong are working closely with Shenzhen Stock Exchange and Hong Kong Exchanges and Clearing Ltd for the launch of the long-anticipated Shenzhen-Hong Kong Stock Connect program.

Deng Ge, a spokesman of the China Securities Regulatory Commission, said on Friday that the commission has set up a special working group to lead and prepare for the stocks trading link.

"When relevant regulations and technical preparations are ready, the Shenzhen-Hong Kong Stock Connect will be launched this year," said Deng, without giving an exact date.

The special working group, headed by CSRC Vice-Chairman Fang Xinghai, is responsible for coordinating efforts among various departments within the commission and relevant government bodies and between the mainland and Hong Kong regulators, according to financial magazine Caixin on Thursday.

The stocks link is "imminent", Hong Kong Exchanges and Clearing Ltd Chief Executive Officer Charles Li told CNBC on Thursday.

Li said the link is vital to bringing more tradable products to a wider marketplace in the future.

Premier Li Keqiang said in March that the country would strive to launch the Shenzhen-Hong Kong Stock Connect this year.

The stock connect is a cross-border investment program modeled after the Shanghai-Hong Kong Stock Connect, which was launched in November 2014 and which allows mainland investors to buy Hong Kong stocks, and vice versa.

On Friday, the Hang Seng Index advanced 0.83 percent to 22,766.9, an eight-month high on speculation that the start date of the trading link with Shenzhen will soon be announced.

The Shanghai Composite Index closed 1.6 percent higher at 3,050.7 points on Friday. The Shenzhen Component Index rose 1.32 percent, while the ChiNext gauge of small-cap startup companies added 1 percent.

The CSRC also said on Friday that it is seeking public advice from Aug 12 to 27 on revising the regulations on guaranteed funds.

Deng said revisions to the regulations are meant to better protect the interests of investors, because fund management companies shoulder joint liability.

Deng said the amendments include controlling the scale of the guaranteed funds, strengthening regulations on fund managers and perfecting risk control indicators.

There are 151 guaranteed funds in China with the net value totaling 330 billion yuan ($49.7 billion), according to data from the CSRC.

Hot Topics

Editor's Picks
...
福清市| 环江| 永修县| 天全县| 城固县| 锦屏县| 遂宁市| 应城市| 海门市| 湟中县| 防城港市| 寿光市| 四平市| 西宁市| 咸丰县| 木兰县| 日土县| 余干县| 武威市| 德安县| 清水县| 成武县| 读书| 通山县| 黎城县| 大关县| 大田县| 阜康市| 岳西县| 岑巩县| 翁牛特旗| 连平县| 白沙| 莱州市| 马龙县| 深州市| 高青县| 息烽县| 昌平区| 禹城市| 景洪市|