Examples of SHHK Stock Connect in a sentence
Clients must be a holder of Stock Accounts (HK, US & Shanghai A-shares via SH-HK Stock Connect).
Certain Funds may invest in eligible China A-Shares through the SHHK Stock Connect, the SZHK Stock Connect, or other similar scheme(s) established under applicable laws and regulations from time to time, as appropriate.
However, there is no guarantee on how long the exemption will last and there can be no certainty that the trading of China A- Shares invested through SHHK Stock Connect and SZHK Stock Connect (“SC Securities”) will not attract a liability to such tax in the future.
Where a suspension in the Northbound trading through the SHHK Stock Connect or the SZHK Stock Connect is affected, a Fund’s ability to access the PRC market will be adversely affected.
If a Fund is unable to utilise this model, it would have to deliver SC Securities to brokers before the trading day and the above risks may still apply.(f ) Recalling of eligible stocksWhen a stock is recalled from the scope of eligible stocks for trading via SHHK Stock Connect or SZHK Stock Connect, the stock can only be sold but will be restricted from being bought.
Quota limitationsEach of SHHK Stock Connect and SZHK Stock Connect is subject to a daily quota (“ Daily Quota”).
However, Circular 36, Circular Caishui [2016] No.70 and Circular Caishui [2016] No.127 specifically provide that gains derived by (a) QFII/RQFII License Holders from the trading of marketable securities in the PRC, or (b) overseas investors (including entities and individuals) from trading of China A-Shares through SHHK Stock Connect and SZHK Stock Connect, or (c) overseas institutional investors approved by People’s Bank of China from the direct investment in RMB market of CIBM are exempted from VAT.
However, there is no guarantee on how long the exemption will last and there can be no certainty that the trading of China A-shares invested through SHHK Stock Connect and SZHK Stock Connect (“SC Securities”) will not attract a liability to such tax in the future.
Each of SHHK Stock Connect and SZHK Stock Connect is subject to a Daily Quota.
The SSE, SZSE and SEHK will enable Funds to trade eligible shares listed on the other’s market, as applicable, through local securities firms or brokers, subject to rules and regulations issued from time to time.Each of SHHK Stock Connect and SZHK Stock Connect is subject to a Daily Quota.