HKEX shares gain as trading volume rose in Oct, CSRC official vows to expand Stock Connect Scheme
HKEX shares gain as trading volume rose in Oct, CSRC official vows to expand Stock Connect Scheme

HKEX shares gain as trading volume rose in Oct, CSRC official vows to expand Stock Connect Scheme

 

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The Hong Kong Exchanges & Clearing, the operator of the Hong Kong Stock Exchange, gained more than 6% to hit HK$261.8 in the morning session, the highest since Oct 20. 

The exchange’s latest data showed that its average daily trading turnover HK$104.6 billion in October, rising by 13% from HK$104.6 billion one month earlier.

Fang Xinghai, Vice Chairman of China’s top securities regulator CSRC, said on Saturday that China will continue to improve the Shanghai/Shenzhen-Hong Kong Stock Connect Scheme, optimize trading schedule by reducing non-tradable days, expanding eligible stocks to including companies with various voting structures, loss-making biotech companies, Chinese firms listed on the tech-focused Star Market and ETF into the scheme.

Related: China to advance institutional reform on domestic firms’ overseas listings, to further expand mainland – Hong Kong Stock Connect, vice chairman of CSRC