Chinese regulators announce increases in daily quotas

The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) have agreed to increase the daily quotas under Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.

According to the joint announcement issued today by the SFC and the CSRC, the new daily quota for each of the northbound trading links will be RMB52bn ($8.2bn) and the new daily quota for each of the southbound trading links will be RMB42bn ($6.6bn) with effect from 1 May 2018.

“We welcome today’s announcement which is the result of close and intensive cooperation between the SFC and the CSRC,” said Ashley Alder, the SFC’s CEO. “The increase in the daily quotas will facilitate investors’ access to Hong Kong and Mainland stock markets and promote the future development of mutual market access.”

The SFC said it will work with the CSRC on the implementation of the new quotas.

The Shanghai Stock Exchange Composite Index tracks the daily performance of all A-shares and B-shares listed on the Exchange. The index was developed in December 1990 with a base value of 100. The index reached an all-time peak of 6092.06 in 2007.

Christopher Copper-Ind
Christopher Copper-Ind is Editor of International Investment.

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