Attempt to fix Stock Connect pre-trade checking goes live
The Hong Kong bourse has launched a special segregated accounts system for Stock Connect in an attempt to address investors’ concerns over the much-criticised pre-trade checking rules.
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A reformed trade settlement system was rolled out to Stock Connect investors yesterday in a bid to address concerns over the pre-trade checking requirement.
Commentators said the changes would better facilitate trades under the cross-border link, which has been criticised since its launch over cumbersome procedures which were deterring investors.
However, concerns over beneficial ownership issues have still not been resolved, with restrictive Stock Connect requirements on owners…
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