quota: The agency said it will expand the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs at an opportune time, according to Global Times China. In May 2018, financial regulators in Hong Kong and the Chinese mainland quadrupled the daily quotas under the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect schemes. The comments came in response to a reported call to expand the quota of the Shenzhen-HK Stock Connect in the Guangdong Greater Bay Area's three-year plan. The increased daily quota for each of the northbound trading links will be 52 billion yuan 7.56 billion and 42 billion yuan for each of the southbound trading links. The current daily quota ranges in the billions of yuan, while the quota is set in tens of billions, according to Yao. Yao Changchun, a veteran Hong Kong stock investor based in Shenzhen, South China's Guangdong Province, told the Global Times on Thursday that transactions through the connect programs are lukewarm and there may be no need for any imminent expansion.
(news.financializer.com). As
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