(ECNS) – The Shenzhen-Hong Kong Stock Connect program might be launched sometime around October 1 as part of China's National Day celebrations, the Securities Daily reported on Monday, citing a former Hong Kong securities regulator.
Anthony Neoh, former Chairman of the Hong Kong Securities and Futures Commission and Chief Adviser of the China Securities Regulatory Commission, said the Shenzhen-Hong Kong Stock Connect will be launched soon, maybe sometime around October 1, and such trading link programs will help consolidate Hong Kong's advantages.
Hong Kong Financial Secretary John Tsang Chun-wah said at a recent press conference that Hong Kong is prepared for the Shenzhen-Hong Kong Stock Connect.
Tsang said he believes that the Chinese central government will launch the program "at an appropriate time," but no timetable has been made available.
Tsang also said that Hong Kong's banking system has ample liquidity, and that there is no need for worry or government intervention.
Chief Executive Leung Chun-ying said during a meeting with Shenzhen officials that regulators from the two sides will work to ensure that the Shenzhen-Hong Kong Stock Connect gets off the ground as scheduled.
