Citizens walk past a billboard advertising the Shanghai-Hong Kong Stock Connect, in south China's Hong Kong, April 8, 2015.(Xinhua/Lui Siu Wai)
BEIJING, June 30 (Xinhua) -- China Securities Regulatory Commission (CSRC) and the securities regulator in Hong Kong Special Administrative Region (HKSAR) formally approved eligible exchange traded funds (ETFs) to be traded under the Shanghai- and Shenzhen-Hong Kong Stock Connect programs as from July 4, reported Xinhua Finance on Tuesday.
According to a joint announcement released by China Securities Regulatory Commission (CSRC) and the Securities and Futures Commission (SFC), the two sides will continue to do a good job in investor education and investment knowledge popularization work and crack down related illegal activities to protect investors.
They required the bourses in Shanghai, Shenzhen and Hong Kong, securities transaction service providers and depository and settlement institutions to organize market participants and orderly press ahead with the inclusion business.
Securities brokers should enhance internal control to prevent and control risks and reinforce investor education and services to effectively protect the legitimate rights and interests of investors, according to the announcement.
On May 27, CSRC and SFC nodded in principle bourses in the Chinese mainland and HKSAR to put eligible ETFs into the investable targets basket of the Shanghai- and Shenzhen-Hong Kong Stock Connect programs. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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