Page 56 - 期货和衍生品行业监管动态（2022年9月）
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期货和衍生品行业监管动态
The Securities and Futures Commission (SFC) welcomes the support of the
Central Government and initiatives announced by the China Securities Regulatory
Commission (CSRC) to broaden Stock Connect and further enhance Hong Kong's
position as an offshore Renminbi (RMB) centre and a risk management centre.
In his address at a financial forum this morning, Mr Fang Xinghai,
Vice-Chairman of the CSRC, announced the broadening of the scope of Stock
Connect to include foreign companies primary-listed on the Stock Exchange of Hong
Kong Limited to be accessible by Mainland investors via southbound trading while
additional companies listed on the Shanghai and Shenzhen stock exchanges can be
provided for trading by overseas investors via northbound trading.
“The inclusion of foreign companies in southbound trading of Stock Connect is a
significant breakthrough in broadening the mutual access scheme and augmenting the
attractiveness of our stock exchange as a leading destination for fundraising by
international companies,” said Ms Julia Leung, the SFC's Acting Chief Executive
Officer. “The SFC will be working closely with the CSRC, Hong Kong Exchanges
and Clearing Limited (HKEX) and its Mainland counterparts to determine additional
securities eligible for inclusion in both trading links.”
Mr Fang also announced the CSRC’s support for Hong Kong to introduce
treasury bond futures and for expediting the opening up of China’s treasury bond
futures market to overseas investors, as well as the inclusion of RMB counters in
Stock Connect for southbound trading.
To this end, a working group comprising the SFC, the Hong Kong Monetary
Authority and HKEX has completed a feasibility study earlier this year on promoting
trading of RMB-denominated securities in Hong Kong and discussions with the
CSRC are underway to explore the inclusion of RMB-denominated securities in
southbound trading.
“As overseas investment in China’s bond market via Bond Connect increases,
the CSRC’s support of introducing treasury bond futures in Hong Kong will help
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