Hong Kong's Stock Investor ID System Set to Start Mid-2018
- Mechanism will identify users of stock connect with mainland
- Both markets are concerned by risk migration, says Alder
Ashley Alder
Photographer: Justin Chin/BloombergThis article is for subscribers only.
A long-awaited system that will allow regulators to take a closer look at who’s trading mainland-listed stocks from Hong Kong will start in the middle of next year, according to the city’s top securities regulator.
An investor identity mechanism for the stock link from the former British colony into mainland China will “by and large” reach the asset manager level, according to Ashley Alder, chief executive officer of the Securities and Futures Commission.