Asifma requests notice on Stock Connect
The trade body has asked Hong Kong’s securities watchdog to give up to a month's advance warning before launching the Shanghai-Hong Kong link, amid uncertainty over issues such as a mooted tax.
Industry trade body Asifma has asked Hong Kong’s securities regulator to give two weeks' to a month's notice before the launch of the Shanghai-Hong Kong Stock Connect.
The Asia Securities Industry & Financial Markets Association sent a letter setting out its request to the Securities and Futures Commission last Friday, said sources. Asifma declined to comment.
This comes amid uncertainty over issues such as a mooted capital gains tax, which some have argued would be difficul…
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