Reminder: Notice of Amendments of Rules in relation to Restricting Mainland Investors from Northbound Trading under Stock Connect

尊敬的客戶:

提示:有關限制內地投資者參與滬深股通交易的規則修訂通知

根據我們於 2022 年 10 月的通知有關香港交易所於2022年6月24日公佈通告,請留意中國證監會、上海證券交易所、深圳證券交易所發佈有關內地投資者1參與滬深股通交易的規則修訂,並已於2022 年 7 月 25 日(生效日)生效。

修訂如下 :

  • 自生效日起,內地投資者參與滬深股通交易的新申請將不會被接受。
  • 設置一年過渡期(2022 年 7 月 25 日至 2023 年 7 月 23 日),現有投資者2可繼續通過滬深股通北向交易買賣中華通證券。
  • 過渡期結束後,現有投資者將不得通過滬深股通主動買入中華通證券,但因公司行動等被動取得中華通證券的情形除外;現有投資者持有的中華通證券可通過附加聯交所規定的指定預設值繼續賣出,具體安排會於稍後公佈。

有關詳情,請參閱香港交易所通告:

如有任何查詢,歡迎致電我們的24小時綜合投資專線(852) 2878-5555或聯絡您的客戶經理。

敬希為盼!

凱基證券亞洲有限公司

2023年3月13日

(此函是系統文件,無需簽署。)

(中、英文版本如有歧異,概以英文版本為準。)

  1. 內地投資者包括:(a)持有中國內地身份證明文件的個人,(b)聯名帳戶持有人(如聯名帳戶持有人中有任何一方屬(a)條規定的內地投資者),及(c)中國內地註冊的法人及非法人組織。
  2. “現有投資者” 指生效日前我們已接受參與滬深股通北向交易並為註冊CHN BCAN的內地投資者。
 

March 13, 2023

Dear Valued Client(s),

Reminder: Notice of Amendments of Rules in relation to Restricting Mainland Investors from Northbound Trading under Stock Connect

Further to our notice of October 2022 in relation to the circular announced by The Stock Exchange of Hong Kong Limited (SEHK) on 24 June 2022, please be reminded that China Securities Regulatory Commission (CSRC), Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) had announced rule amendments in relation to restricting Mainland investors1 from Northbound Trading under Stock Connect with effective from 25 July 2022 (the Effective Date).

The amendments are as below:

  • From the Effective Date, new application of Mainland investors for participating in “Northbound Trading” under Stock Connect will not be accepted.
  • During a 1-year transitional period (from Effective Date to 23 July 2023), existing clients2 may continue to buy and sell China Connect Securities through Northbound Trading under Stock Connect.
  • After the transitional period: Mainland investors shall not proactively buy or subscribe for any China Connect Securities through Northbound Trading under Stock Connect, but excluding obtaining China Connect Securities passively as a result of corporate actions. Existing China Connect Securities held by Mainland investors could be sold in accordance with the arrangements to be announced by SEHK in due course.

For details, please refer to the SEHK’s Circular:

Should you have any enquiries, please call our 24-hour InvestLine at (852) 2878-5555 or your Relationship Manager.

Thank you for your kind attention.

Yours faithfully,

KGI Asia Limited

(This is a computer generated document and no signature is required.)

  1. Mainland investors include: (a) individuals that possess Mainland ID documents; (b) holders of a joint account if one of the holders is considered as Mainland investor under (a); and (c) corporate or unincorporated entities which are registered in the Mainland.
  2. The term “existing clients” refers to Mainland investors who had been accepted by us to participate in Northbound Trading under Stock Connect and for whom we had registered CHN BCANs (i.e. Broker-to-Client Assigned Numbers registered with ‘CHN’ as the country/region of issuance) before the Effective Date.

重要聲明

上文所載資料乃保密訊息,並不擬發佈予公眾人士或提供予置身或居住於任何法律上限制凱基證券亞洲有限公司(「凱基」)或其關聯成員發放此等資料之地區的人士或實體使用。本文件及其任何資料不得以任何方式轉發予他人。上述資料不應視為向任何地區的任何人士或實體構成任何證券之促銷或買賣任何證券或投資產品的要約、邀請、招攬或建議。上述資料(包括但不限於一般金融及市場資訊、新聞服務、市場分析和產品資訊) 只作一般資料及參考用途,並不能在未經凱基證券亞洲有限公司書面同意下,擅自複印或發佈全部或部份內容。該等資料不擬提供作投資意見,因此不應賴以作為投資意見。您應就上述資料內容謹慎行事,如您對有關資料的任何內容有任何疑問,您應尋求獨立專業意見。

投資涉及風險,證券及基金單位價格可升可跌,過往表現不代表將來。投資者在作出任何投資決定前,應詳細閱讀有關基金之銷售文件(包括當中所載之風險因素(就投資於新興市場的基金而言,特別是有關投資於新興市場所涉及的風險因素)之全文)。

上文內的資料及意見,雖然凱基及/或其關聯成員已採取合理的謹慎措施,確保上述資料準確及完整,惟凱基及/或其關聯成員不會就有關資料的任何遺漏、錯誤、不準確、不完整或其他情況或由於信賴有關資料而致令任何人士或實體蒙受或招致的任何損失或損害(不論任何形式的直接、間接或相應的損失)承擔任何責任。上文所載的資料及意見如有任何更改,本公司並不另行通知。

凱基集團成員公司或其聯屬人可提供服務予本文所提及之任何公司及該等公司之聯屬人。凱基集團成員公司、其聯屬人及其董事、高級職員及僱員可不時就上文所涉及的任何證券擁有權益。證券及期貨事務監察委員會 (「證監會」) 對認可的基金或投資產品的穩健程度概不負責,而證監會認可有關基金或投資產品亦不表示證監會推薦投資於該等基金或投資產品。本重要聲明中英文版本若有任何差異,概以英文版本為準。

Important Notice

The information contained in the document herein is confidential and is not intended for general public distribution or for use by any person or entity located or residing in any jurisdiction which restricts the distribution of such information by KGI Asia Limited ("KGI") or any affiliate of KGI. Re-distribution of the document herein and any part thereof by any means is strictly prohibited. Such information shall not be regarded as an offer, invitation, solicitation or recommendation to invest in or sell any securities or investment products to any person or entity in any jurisdiction. The above information (including but not limited to general financial and market information, news services, market analysis and product information) is for general information and reference purpose only and may not be reproduced or published (in whole or in part) for any purpose without the prior written consent of KGI Asia Ltd. Such information is not intended to provide investment advice and should not be relied upon in that regard. You are advised to exercise caution, and if you are in any doubt about such information, you should seek independent professional advice.

Investment involves risks. Prices of securities and fund units may go up as well as down and past performance information presented is not indicative of future performance. Investors should read the relevant fund's offering documents (including the full text of the risk factors stated therein (in particular those associated with investments in emerging markets for funds investing in emerging markets)) in detail before making any investment decision.

While KGI and/or its affiliates have taken reasonable care to ensure the accuracy and completeness of the information provided above, none of them will be liable for any loss or damage of any kind (whether direct, indirect or consequential losses of any kind) suffered or incurred by any person or entity due to any omission, error, inaccuracy, incompleteness or otherwise, or any reliance on such information. The information and opinions contained herein are subject to change without any notice.

Members of the KGI group and their affiliates may provide services to any companies and affiliates of such companies mentioned herein. Members of the KGI group, their affiliates and their directors, officers and employees may from time to time have an interest in any securities mentioned herein. The Securities and Futures Commission (“SFC”) takes no responsibility for the soundness of the authorized funds or investment products and does not imply that investment in them is recommended by the SFC. In case of any discrepancy between the Chinese and the English versions of this Important Notice, the English version shall prevail.

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