According to the “Joint Announcement of the China Securities Regulatory Commission and the Securities and Futures Commission of Hong Kong” released on November 10, 2014, the pilot program of the Shanghai-Hong Kong Stock Exchanges Connectivity Mechanism (SHSECM) will be launched on November 17, 2014. Arrangements for relevant issues are hereby announced as follows:
I. China Investment Information Services Ltd. (CIIS) affiliated to the Shanghai Stock Exchange (SSE), as the securities trading service company of the SSE, will provide services for investors in China’s Mainland to buy and sell SEHK-listed shares (the “Gang’gutong” shares for short; SEHK: the Stock Exchange of Hong Kong Ltd.).
II. CIIS will designate the SSE’s website (www.sse.com.cn) for releasing information including the arrangement of trading date for buying and selling the “Gang’gutong” shares, as well as the list of the “Gang’gutong” shares, and the list of securities companies participating in this business. Market participants could search for relevant information in the SHSECM business column on the SSE’s website.
III. Adding shares to or deleting shares from the list of the “Gang’gutong” shares as stipulated in Articles 58 and 59 of the “SSE Measures for Pilot Program of SHSECM” (the “Measures”) will be carried out after market closure on the first Friday of each month, and it will take effect on the next day for trading of the “Gang’gutong” shares, except for immediate adding or deleting of shares in cases such as termination of shares listing.
The entry-into-force time after adding relevant shares to or deleting relevant shares from the list of the “Gang’gutong” shares is subject to the time announced by CIIS.
IV. According to the “Joint Announcement of the China Securities Regulatory Commission and the Securities and Futures Commission of Hong Kong” released on April 10, 2014, the total line of the program of buying and selling stocks of SEHK-listed companies is RMB250 billion, with its daily line being RMB10.5 billion. The total amount of the program of buying and selling stocks of SSE-listed companies will be RMB300 billion, with its daily line being RMB13 billion.
V. Shares in companies listed on the SEHK having implemented but not completed splitting and consolidation of equity, or applying for splitting and consolidation of equity during the period from the day when the SHSECM is launched to November 30, 2014 will not be included into the list of the “Gang’gutong” shares on the launch day of the SHSECM. If the shares meet relevant regulations after the relevant companies complete splitting and consolidation of relevant equity, they will be added into the list of the “Gang’gutong” shares.
VI. The SSE may not include shares in SEHK-listed companies that do not allow investors of the “Gang’gutong” shares to participate in stock supply or public allotment as stipulated in Clause II of Article 119 of the “Measures” into the list of the “Gang’gutong” shares, or delete them from the list.
VII. The SSE will not charge its members temporarily for the fee of data flow of participant business units (PBUs) in participation in the “Gang’gutong” shares business.