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On 24 February, China Securities Regulatory Commission (CSRC) and Securities and Futures Commission (SFC) announced that the optimization of the trading calendars of Shanghai/Shenzhen-Hong Kong Stock Connect would be officially launched on 24 April. Subsequently, SZSE released an announcement on the implementation of relevant business rules according to the work arrangements of the CSRC. China Innovation Market Service Company Limited, a subsidiary of SZSE, accordingly released an announcement on the arrangements for the addition of trading days of Shenzhen-Hong Kong Stock Connect - Southbound Trading (hereinafter referred to as Southbound Trading) for 2023 which specified the dates of the six new trading days of Southbound Trading, and updated the arrangements for the trading days of Southbound Trading in 2023.
The optimization of the trading calendar of Shenzhen-Hong Kong Stock Connect has relaxed the restriction that all the trading of the two markets should be under their common trading days. Specifically, the number of days on which trading cannot be conducted due to the differences in holidays and settlement mechanisms has been reduced by approximately half, while the number of days for trading has been increased. By doing so, the continuity and convenience of trading of investors can be better guaranteed, and the mainland-Hong Kong stock connect mechanism can be further optimized. According to the announcement, two new trading days for Southbound Trading will be added before the May Day, the Dragon Boat Festival, the Mid-Autumn Festival, and the National Day in 2023, respectively. April 27 and 28 will be the first two new trading days for Southbound Trading after the optimization of the trading calendar.
Next, SZSE will continue to follow the unified arrangements of the CSRC. Specifically, SZSE will work with the Shanghai Stock Exchange and China Securities Depository and Clearing Corporation Limited to guide market institutions to make various business technological preparations in a prudent and orderly manner, to fully ensure that the trading calendar of Southbound Trading can be smoothly optimized as scheduled. SZSE will also consistently optimize and improve the mainland-Hong Kong stock connect mechanism, thereby promoting the high-level two-way opening up of capital markets.
