Joint Announcement of the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission

To promote the development of capital markets in both mainland China and Hong Kong, the China Securities Regulatory Commission (CSRC) and the Hong Kong Securities and Futures Commission (SFC) have approved the inclusion by Mainland and Hong Kong exchanges of eligible exchange-traded funds (ETFs) in mutual stock market access between the Mainland and Hong Kong (Stock Connect). The trading of ETFs under Stock Connect will commence on 4 July 2022. It is hereby announced that:

1. Since their joint announcement on 27 May 2022, the CSRC and the SFC have worked closely to prepare for the inclusion of ETFs in Stock Connect. The relevant rules and operational and regulatory arrangements have been finalised and technical systems have been put in place.

2. The CSRC and the SFC have agreed on arrangements regarding cross-boundary regulatory cooperation, investor education and other matters in relation to the inclusion of ETFs in Stock Connect. The two regulators will continue their efforts to educate investors and improve their investment knowledge related to the inclusion of ETFs in Stock Connect, and enhance enforcement cooperation against cross-boundary illegal activities and market misconduct. They will also make timely and appropriate responses to any contingencies or major events in order to maintain the orderly operations of Stock Connect and protect investors’ interests

3. All parties who intend to participate in the trading of ETFs under Stock Connect must familiarise themselves with applicable regulatory requirements and operational rules and ensure that proper internal controls and risk management procedures are in place. Investors should be aware of the differences between the laws, regulations, rules and market practices in mainland China and Hong Kong, and should take appropriate action to ensure compliance and manage their risks when investing through Stock Connect.

Last update: 28 Jun 2022

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