Hong Kong Exchanges and Clearing (HKG:0388) will continue to include various financial products in its trading schemes with mainland China, The Standard reported Monday, citing Chairman Carlson Tong Ka-shing.
Trading volume between Hong Kong and the bourses in Shanghai and Shenzhen logged 177 trillion yuan, 147 times higher compared with the figure during its first year of operation in 2014, the report said.
There will be no limit in the types of products the schemes will offer, the report said, citing Tong.
HKEX will prioritize the incorporation of more hedging tools into the stock connect scheme to let Hong Kong grow as a cross-border risk-management center, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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