The China Securities Regulatory Commission (CSRC) and the Securities and Futures Commission of Hong Kong have recently reached a consensus and announced that the northbound see-through mechanism (investor identification code system) for Shanghai-HK Stock Connect and Shenzhen-HK Stock Connect will be officially implemented on September 17, 2018. Thus, the Shanghai Stock Exchange (SSE) has amended and released the "SSE Measures for Shanghai-HK Stock Connect Business". The establishment of the northbound see-through mechanism will help the SSE give full play to its frontline regulatory function, improve the cross-border regulatory cooperation mechanism and maintain the stable operation of the A-share market.
Since the opening of Shanghai-HK Stock Connect, the operation of all the businesses related to securities trading, registration and settlement, foreign exchange swap, corporate behaviors and others has been on a normal track, and the business and technology system have recorded sound operation as well. As of August 31, 2018, Shanghai-HK Stock Connect had recorded an accumulative trading turnover of nearly RMB10 trillion, with the average daily trading amount over RMB10 billion. Specifically, a total of 830 stocks had been traded through Shanghai Stock Connect, with the accumulative trading amount of about RMB5.5 trillion and the average daily trading amount up to RMB6.2 billion; a total of 411 stocks had been traded through Hong Kong Stock Connect, with the accumulative trading amount of about RMB4.1 trillion and the average daily trading amount up to RMB4.6 billion.
Next, the SSE will, under the leadership of the CSRC, continuously improve the Shanghai-HK Stock Connect Mechanism, guarantee the stable and efficient operation of the system and protect the investors' rights and interests by take serving investors in China's mainland, Hong Kong and even the world as its responsibility.