BRIEF-HKEX Reaches Agreement With SSE And SZSE

Reuters04-19

April 19 (Reuters) - Hong Kong Exchanges and Clearing Ltd :

* HKEX REACHES AGREEMENT WITH SSE AND SZSE TO EXPAND SCOPE OF ELIGIBLE ETFS UNDER STOCK CONNECT

* REACHED AN AGREEMENT WITH SHANGHAI STOCK EXCHANGE AND SHENZHEN STOCK EXCHANGE

* ELIGIBILITY CRITERIA FOR ETFS FOR BOTH NORTHBOUND AND SOUTHBOUND TRADING WILL BE RELAXED

* UNDER AGREEMENT, 3 EXCHANGES WILL WORK CLOSELY ON THE BUSINESS & TECHNICAL PREPARATIONS FOR THE EXPANSION

* EXPANSION TO ENRICH INVESTMENT OPTIONS, ENABLE STOCK CONNECT INVESTORS TO ALLOCATE ASSETS IN HK, MAINLAND CHINA MARKETS IN COST EFFECTIVE WAY

* EXPANSION EXPECTED TO TAKE EFFECT ABOUT THREE MONTHS FROM APRIL 19

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((Reuters.Briefs@thomsonreuters.com;))

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