China could restrict offshore program trading in Hong Kong
Cross-border co-operation agreement already exists between CSRC and Hong Kong's SFC
The China Securities Regulatory Commission (CSRC) is due to set out new regulations governing domestic program trading. Onshore market participants say these rules could be extended to apply to foreign traders who access China's markets through the qualified institutional investor (QFII), renminbi qualified institutional investor (RQFII) and Shanghai-Hong Kong Stock Connect schemes.
If this is correct it would be the first official attempt by China's regulators to extend powers overseas
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