HALISTER1: PBOC, CSRC Publish Fund Flow Rules on China-H.K. Stock Connect

PBOC, CSRC Publish Fund Flow Rules on China-H.K. Stock Connect

(Bloomberg) -- China’s central bank and securities regulator seek to implement stock connect programs smoothly, according to rules posted on PBOC website.
  • China Securities Depository and Clearing and Hong Kong Securities Clearing should work with banks on liquidity management to prevent risks from settlement
  • Banks of two clearing houses should work with regulators on cross-boarder fund management to prevent money laundering, terrorism financing and tax evasion
  • Link to statement: http://tinyurl.com/gpomuw6
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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PBCZ CH (People's Bank Of China)

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