Securities & Futures Commission of Hong Kong

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

Launch of investor identification for southbound trading under Stock Connect

11 Oct 2019

To further enhance mutual access between the Mainland and Hong Kong stock markets, and in accordance with the agreement on the exchange of information under Mainland-Hong Kong Stock Connect, the China Securities Regulatory Commission (CSRC) and the Securities and Futures Commission (SFC) have reached a consensus that preparation will commence for an investor identification regime for southbound trading, which will be implemented soon.

  1. Under the regime, identification codes of investors who conduct southbound trading will be transferred to the SFC and The Stock Exchange of Hong Kong Limited from the Shanghai Stock Exchange, the Shenzhen Stock Exchange and their respective subsidiaries as well as the China Securities Depositary and Clearing Corporation Limited pursuant to their rules.
  2. Mainland and Hong Kong stock exchanges and clearing houses will proceed with preparations, including rule amendments, and when they are completed the implementation date will be announced.

The investor identification regime will facilitate regulation by the CSRC and the SFC, maintain the orderly operation of Stock Connect and protect the lawful interests of investors.


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