Mar 11, 2024 06:37 PM
FINANCE
Hong Kong Market Regulator Proposes China Lower Threshold for Stock Connect
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Lowering the bar will provide more opportunity for mainland investors and raise Hong Kong’s market liquidity, SFC Chairman Tim Lui said. Photo: Bloomberg
(Bloomberg) — Hong Kong’s top market regulator proposed that China lower the threshold for investors to take part in the stock trading link with the city as a way of boosting liquidity and trading.
The minimum asset requirement to invest via Stock Connect to access Hong Kong equities should be lowered to 100,000 yuan ($13,900) from the current 500,000 yuan, Securities and Futures Commission Chairman Tim Lui proposed at the gathering of the National People’s Congress, the country’s legislature, in Beijing.
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