The Stock Exchange of Hong Kong Ltd. and Hong KongSecurities Clearing Co. Ltd. have formally entered into an agreement with theShenzhen Stock Exchange and the China Securities Depository and Clearing Corp.Ltd. to establish theShenzhen-Hong Kong stock connect program.
The formal launch of the trading link is subject to certainconditions, including obtaining the necessary regulatory approvals, , the operator of the city's bourse, said Oct. 11.
Under the agreement, the clearing fees arising from thestock connect program will be shared equally between the two stock exchangesand between the two clearing companies.
Hong Kong Exchanges said it will announce the launch datefor the stock connect as soon as it is approved. The ChinaSecurities Regulatory Commission previously said it expects the trading link tostart operations inNovember.