Instead of a joint SFC-HKEx committee to rule on listings and develop policy, itself a compromise, investors are left with a consultative panel that lacks any formal powers.
Hong Kong's exchange unveils further cross-border trading initiatives and more details on its existing plans, as it moves to broaden access to Chinese markets.
HKEx hires for new mainland team; Citi appoints Asia CEO; Northern Trust creates Melbourne team; Old Mutual gets new group chief; RidgeWorth makes sovereign wealth hire; and FTSE recruits for ESG.
HK hedge fund wins advert dispute; CFFEx lists 10-year bond futures; SFC considers dual-share structures; MAS to probe cases with police; Iosco agrees on Asia roadmap; and BIS warns of future fixed income crisis.
Bourses on both sides of the border have reached a preliminary agreement on the principles underpinning a planned trading link, amid hopes that it could be launched as early as May.
Charles Li, chief of Hong Kong Exchanges and Clearing, voices confidence that uncertainties surrounding tax issues will be cleared up before the trading scheme’s launch next week.