Post Release Test – The Amendment of Rules In Relation to Northbound Trading of Stock Connect by China Securities Regulatory Commission (CSRC), Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE)

The China Connect Exchange Participants (CCEPs) and Trade-through Exchange Participants (TTEPs) have been reminded that the transitional period for the restriction of Mainland investors from Northbound Trading under Stock Connect will end on 24 July 2023. As a result, they must remove all CHN BCANs from the submission of BCAN-CID Mapping File for their clients who are Mainland investors by 21 July 2023. To help CCEPs and TTEPs ensure their system and operational readiness, a Post Release Test (PRT) will be held on 22 July 2023, and CCEPs can participate by completing the Registration form before 19 July 2023. During the PRT, all Northbound buy orders tagged with CHN BCAN will be rejected, but tagging of reserved value “3 = for individual Mainland investors” or “4 = for institutional Mainland investors” will be accepted for sell orders.

Resource:

https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/SEHK/2023/CT11223E.pdf