Global investors are awaiting details of a proposal that would allow block trading on Stock Connect for the first time, in a move likely to enhance efficiency and attract institutional interest.
The China Securities Regulatory Commission CSRC and the Hong Kong Securities and Futures Commission SFC on August 11 made the joint announcement to allow investors under Stock Connect - the mutual stock market access arrangements between mainland China and Hong Kong to execute large-sized transactions at privately negotiated prices.
The operational and regulatory details of the new block trading mechanism are still under development. The respective stock exchanges are expected to announce implementation details and the...
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