HONG KONG, April 29 Hong Kong Exchanges and
Clearing said on Tuesday quotas for a cross-border
stock investment scheme between Shanghai and Hong Kong may be
The bourse also said funds involved in the recently
announced scheme will be restricted within an investment channel
to control risks.
Regulators in China and Hong Kong surprised market
participants earlier this month by unveiling the cross-border
scheme, banking on the success of the promotion of the
internationalisation of the Chinese currency since 2010.
The initiative, known as the Shanghai-Hong Kong Stock
Connect, is the latest in a series of financial sector reforms
that regulators have taken this year, such as widening the
yuan's trading band and increasing quotas for investors.
(Reporting by Alison Lui and Michelle Chen; Editing by Miral