China Said to Drop Total Quota for Shenzhen-Hong Kong Link
- Daily trading still subject to cap, people familiar say
- State Council says it’s approved the Shenzhen connect program
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Chinese authorities are planning not to impose an aggregate quota on trading via the Shenzhen-Hong Kong stock exchange link, according to two people familiar with the matter.
Daily trading will still be subject to a cap, the people said. Officials are also considering removing the overall limit for equity trades through Hong Kong’s existing link with Shanghai, one of the people said. China’s State Council on Tuesday said it approved Shenzhen’s long-planned connect program, without giving further details.