Hong Kong Exchanges and Clearing Limited (HKEX) has issued a Business Update following the joint announcement from the China Securities Regulatory Commission and Hong Kong's Securities and Futures Commission about the expansion of the existing daily quota under the Stock Connect. From 1 May 2018, the Northbound daily quota will be increased from RMB 13 billion for each of the Shanghai Connect and the Shenzhen Connect to RMB 52 billion and the Southbound daily quota will be increased from RMB 10.5 billion for each of the Shanghai Connect and the Shenzhen Connect to RMB 42 billion.

Commenting on the latest developments, HKEX Chief Executive Charles Li said: 'HKEX welcomes the announcement by the Mainland Chinese and Hong Kong regulators of their raising of Stock Connect's daily quotas for Northbound and Southbound trading. We appreciate that the regulators have been responsive to evolving market needs.'

'Since Stock Connect's launch in 2014, it has continued to gain momentum as the world's most effective mutual market access programme. We are committed to working with our regulators and business partners to ensure that Stock Connect will continue to be effective and operate smoothly,' Mr Li added.

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HKEx - Hong Kong Exchanges and Clearing Ltd. published this content on 11 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 April 2018 04:30:02 UTC