Shanghai Stock Exchange Issues The Interim Measures For The Listing And Trading Of Depository Receipts Under The Stock Connect Scheme Between Shanghai Stock Exchange And Overseas Stock Exchanges And Relevant Guidelines

To further advance the institutional opening-up of the capital markets and deepen the connectivity between domestic and overseas markets, the Shanghai Stock Exchange has revised the Interim Measures for the Listing and Trading of Depository Receipts under the Stock Connect Scheme between Shanghai Stock Exchange and London Stock Exchange in accordance with the Provisions on the Supervision and Administration of Depository Receipts under the Stock Connect Scheme between Domestic and Overseas Stock Exchanges (hereinafter referred to as the Provisions) issued by the China Securities Regulatory Commission. The revised rule is renamed as the Interim Measures for the Listing and Trading of Depository Receipts under the Stock Connect Scheme between Shanghai Stock Exchange and Overseas Stock Exchanges（hereinafter referred to as the Interim Measures）. Two relevant guidelines are also issued, namely the Guidelines No. 1 for Depository Receipts under the Stock Connect Scheme of Shanghai Stock Exchange — Cross-Border Conversion of Depository Receipts and the Guidelines No. 2 for Depository Receipts under the Stock Connect Scheme of Shanghai Stock Exchange — Market Making for Chinese Depository Receipts. The rule and guidelines shall be implemented as of the date of issuance.

Based on the Provisions, the revision has incorporated suggestions from previous public consultation and has made adjustments in terms of the scope of application, arrangements of listing review, termination of listing and its procedures, regulatory requirements on continuous information disclosure, investor suitability and particular items for global depository receipts.

In the future, under the leadership of the China Securities Regulatory Commission, the Shanghai Stock Exchange will provide competent services for the depository receipts businesses under the stock connect scheme between domestic and overseas stock exchanges, continue to deepen cross-border cooperation mechanism and push forward the two-way institutional opening-up of capital markets.

Link:

1.Notice on Issuing the Interim Measures for the Listing and Trading of Depository Receipts under the Stock Connect Scheme between Shanghai Stock Exchange and Overseas Stock Exchanges

2.Notice on Issuing the Guidelines No. 1 for Depository Receipts under the Stock Connect Scheme of Shanghai Stock Exchange — Cross-Border Conversion of Depository Receipts

3.Notice on Issuing the Guidelines No. 2 for Depository Receipts under the Stock Connect Scheme of Shanghai Stock Exchange — Market Making for Chinese Depository Receipts