The Hong Kong Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) today jointly announced that they have reached consensus on the launch of block trading (manual trading) for the Shanghai-Hong Kong Stock Connect.。

Block trading provides a trading mechanism that enables market participants to execute large transactions。With the launch of the Shanghai-Hong Kong Stock Connect, southbound and northbound investors will be able to participate in the block trading markets currently offered by the Hong Kong and Mainland markets, respectively.。

The Shanghai-Hong Kong Stock Connect block trading arrangements will be adjusted as appropriate in accordance with the existing operating models and regulations of each market.。

Ms. Liang Fengyi, Chief Executive Officer of SFC, said: "Block trading is an important trading mechanism to achieve the best execution of large transactions and minimize the impact of prices on the market, which will enhance the price discovery capabilities of the two markets and encourage more foreign investors to participate in the A-share market through the Shanghai-Hong Kong Stock Connect.。"

The stock exchanges of both parties will announce the details of the operation and the official launch date in due course.。