Publication
UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Global | Publication | August 2016
On August 16, 2016, the Securities and Futures Commission of Hong Kong (SFC) and the China Securities Regulatory Commission (CSRC) jointly announced the approval, in principle, of the establishment of Shenzhen-Hong Kong Stock Connect, which will provide mutual stock market access between Hong Kong and Shenzhen via a northbound Shenzhen trading link and a southbound Hong Kong trading link.
The principal arrangements of the Shenzhen-Hong Kong Stock Connect are based on those under the Shanghai-Hong Kong Stock Connect with reference to laws, regulations and operational models governing in each market. In respect of the eligible shares:
In respect of the investment quota, there will be no aggregate quota under the Shenzhen-Hong Kong Stock Connect. The daily quota will be the same as that currently under the Shanghai-Hong Kong Stock Connect, that is, a daily quota of RMB 13 billion is set for the northbound Shenzhen trading link and a daily quota of RMB 10.5 billion is set for the southbound Hong Kong trading Link under the Shenzhen-Hong Kong Stock Connect. In addition, the aggregate quota under the Shanghai-Hong Kong Stock Connect is abolished as of August 16, 2016.
The SFC and CSRC have also agreed to include exchange-traded funds (ETFs) as eligible securities under the mutual market access scheme, the launch date of which is said to be announced separately after the Shenzhen-Hong Kong Stock Connect has been in operation for a period of time and upon the satisfaction of relevant conditions.
With the launch of the Shenzhen-Hong Kong Stock Connect, there will be two mutual stock market access points between the Mainland and Hong Kong including Shanghai-Hong Kong Stock Connect which was launched in November 2014.
The launch of the Shenzhen-Hong Kong Stock Connect is subject to the finalisation of all necessary regulatory approvals, market readiness and relevant operational arrangements. Preparations are expected to take approximately four months and a separate announcement on the commencement of the Shenzhen-Hong Kong Stock Connect will be made in due course for the formal launch date.
Publication
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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