Investors' request may push HK-Shanghai stock linkup to November

A request from the Asia Securities Industry & Financial Markets Association (ASIFMA) that Hong Kong’s securities regulator delay the start of the Shanghai-Hong Kong stock connect may push the project’s launch to November, Reuters reported, citing a letter from the association. In the letter ASIFMA stated that members could not begin trading due to uncertainty over technical issues and tax matters, and asked for a month’s notice before launch. Hong Kong Exchanges & Clearing had previously told market participants it expected to launch the trading link allowing investors to trade Shanghai-listed shares via the Hong Kong stock exchange on October 27.