The China Securities Regulatory Commission has strictly supervised the "fake foreign capital". From July 24, 2023, it will be banned from buying A shares through the CSI Stock Connect.
The China Securities Regulatory Commission released new regulations in the middle of last year. From July 25, 2022, Hong Kong's securities brokers, including securities firms and banks.Permanent, at that time, the existing mainland investors who had opened an overseas account set up a one -year transition period.Now the transition period has expired.
According to Caixin.com, there are already Hong Kong securities firms issuing relevant reminders to users, which clearly states that from July 24, 2023, mainland investors may no longer participate in the Northbound buying trading, including ShanghaiIn addition to the active buying A shares, including the participation of the shares and the dividend of the listed company, the A -shares can be sold normally.
In addition, in response to the Shanghai -Shenzhen -Shenzhen shares trading permissions of the mainland investors who do not hold the shares, Hong Kong securities brokers will cancel it in time.
The China Securities Regulatory Commission issued a prescribed time in the middle of last year. As of June 2022, the total number of mainland investors who have opened the equity of Shanghai and Shenzhen Stock Exchange Transactions have been opened for about 1.7 million, of which, in the past three years,There are 39,000 mainland investors with actual transactions; the transaction amount involved in mainland investors accounts for about 1%of the northern direction trading.
Although the proportion of mainland investors in Shanghai and Shenzhen stocks is very small, the China Securities Regulatory Supervisor emphasized that the original intention of securities activities was inconsistent with the original intention of the introduction of foreign investment in Shanghai and Shenzhen.The mainland securities account has been opened, which can directly buy and sell A shares, causing the transactions of two channels to have the risk of cross -border violations.Relevant behaviors have also caused a lot of "fake foreign capital" in the market in the market, which is not conducive to the steady operation and long -term development of Shanghai, Shenzhen, and Hong Kong.
It is reported that the controversy of "fake foreign capital" has a long history, which is the so -called return investment, which is particularly active in the A -share bull market.The main reason why the "domestic capital" is transformed into a "foreign capital" is that Hong Kong's supervision of funding is relatively loose. In the past, the cost of funds in the low interest rate environment was relatively low.Manipulate the stock price.
