BUSINESS HK includes DVP service in northbound trading

BUSINESS

HK includes DVP service in northbound trading

Li Xuanmin | People's Daily app

15:25, November 07, 2017

VCG111129475482_meitu_1.jpg

Photo: VCG


The Hong Kong Exchanges and Clearings (HKEX) announced on Tuesday that it will include delivery versus payment services in yuan, Hong Kong dollars and US dollars in the Shenzhen–Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect programs starting November 20.

The new service will be used by institutional investors, according to the announcement.

Delivery versus payment (DVP) is a settlement system wherein a cash payment must be made prior to or simultaneously with the delivery of the security.

First launched in November 2014, the northbound trading now covers a total of over 2,400 eligible equities, including 900 in Shanghai, 1,000 in Shenzhen and 500 in Hong Kong, according to a statement on the HKEX website.


Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue