Jun 29, 2022 04:02 AM

FINANCE

Hong Kong and China Mainland to Launch ETF Connect July 4

By Wei Yiyang and Denise Jia

What’s new: Chinese and Hong Kong securities regulators jointly announced plans Tuesday to launch a system to allow eligible investors in the city and the mainland bourses in Shanghai and Shenzhen to buy and sell exchange-traded funds (ETFs) in each other’s markets.

Under the ETF Connect program, trading of eligible funds will start July 4, the Hong Kong Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) said.

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