The Shenzhen and Hong Kong stock link, Shenzhen – Hong Kong Stock Connect (SZHKC), started “end-to-end” tests of its settlement interface system on Monday.
Sources said that the SZHKC would have higher quotas than the current Shanghai – Hong Kong Stock Connect (SHHKC). According to another source, SHHKC’s quota is expected to be raised as the opening of SZHKC is formally announced.
For now, SHHKC’s northbound aggregate and daily quotas are respectively 300 billion yuan (166.1-billion-yuan left as of the pressing time) and 13 billion yuan, while those for southbound are 250 billion yuan (64-billion-yuan left as of the pressing time) and 10.5 billion yuan.
The market widely expects that the start of the SZHKC would be announced on July 1.
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