China Securities Regulatory Commission plans to toughen the regulations to restrict mainland investors to trade the domestic A-shares via the Hong Kong stock connect link, according to its proposed rule revisions published Friday evening for public feedbacks.
- Under the proposal, the regulator specifies all Chinese citizens holding mainland identification, as well as legal persons, organizations registered in mainland China, are not eligible for the northbound trading link
- Chinese citizens holding permanent residency overseas are exempted from such rules
- Hong Kong brokerages are not allowed to open such trading accounts for mainland investors
- There will be an one-year transitional period for ...
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