BEIJING, Sept. 28 (Xinhua) -- Shanghai-London stock connect program is likely to be launched in December at the soonest. The access threshold for Chinese Depository Receipts (CDRs) investors probably would be set at 3 million yuan, reported the Xinhua-run www.cnstock.com on Thursday.
From October 15 to mid-November, the Shanghai Stock Exchange (SSE) will open all-weather tests to brokers. From the end of October, the SSE will arrange three full-network tests to examine business functions, business systems, emergency drills.
Based on calculation, if everything goes on smoothly, the Shanghai-London stock connect is expected to be launched in December at the soonest.
It is reported that individual investors are supposed to have an average daily assets of no less than 3 million yuan in their securities account and the capital account during the 20 trading days before applying for CDR investment, which would not include capital and securities obtained through margin trading.
(Edited by Zhang Yuan, Bao Nuomin, zhangyuan11@xinhua.org)
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