Examples of Northbound Trading in a sentence
Such foreign ownership limits may be applied on an aggregate basis (i.e. across both domestically and overseas issued shares of the same issuer, whether the relevant holdings are through Northbound Trading, QFII/RQFII regime or other investment channels).
Under the Northbound Trading Link, eligible foreign investors are required to appoint the CFETS or other institutions recognised by the People’s Bank of China (“PBOC”) as registration agents to apply for registration with the PBOC.
Under the Stock Connect, overseas investors (including the Funds) may be allowed, subject to rules and regulations issued / amended from time to time, to trade China A Shares listed on the Shanghai Stock Exchange (“SSE”) through the Northbound Trading Link.
If the remaining aggregate quota for Northbound Trading is less than the daily quota, the relevant buy orders are suspended on the next trading day (sell orders are still accepted) until the remaining aggregate quota is again equal to the daily quota.
Investors from Hong Kong or abroad who have purchased Stock Connect Securities through Northbound Trading should maintain these securities in the share accounts of their brokers or depositary banks in CCASS (which is operated by HKSCC).