29 August, 2018
On 27 June 2018, the China Securities Regulatory Commission (CSRC) issued The Interim Provisions on the Use of Hong Kong Institutions’ Securities Investment Consulting Services by Institutions Engaged in Securities or Funds Business (Interim Provisions) (available here in Chinese).
The Interim Provisions allow PRC institutions engaged in securities or funds business (PRC Institutions) under the Stock Connect schemes to engage SFC-licenced corporations in Hong Kong as their investment advisers to provide securities advisory services on Hong Kong listed companies. Research reports issued by eligible SFC-licenced corporations can be distributed by PRC Institutions to their PRC investors.
This enables the PRC investors, who participate in Hong Kong capital markets, to have better access to research reports and advice on those Hong Kong-listed companies which can be traded by them under the Stock Connect schemes.
For further information, please contact:
Yang Shen, Deacons
yang.shen@deacons.com.hk
