The much-anticipated Shanghai-London Stock Connect will kick off as early as December this year, according to the current work arrangement, Shanghai Securities Journal reported.
As for the threshold for investors participating in the CDR of Shanghai-London stock link, it is expected to be set at three million yuan (US$440,000).
From October 15 to mid-November, the Shanghai Stock Exchange (SSE) will open to securities brokerage companies for 24 hours for technical debugging.
Brokers who have developed their own trading platforms can access the SSE testing environment and apply to launch transactions when they pass the technical test.
Since the end of October, the SSE will also arrange three overall tests to examine the functions and the system, especially under emergency scenarios. The initial dates for the overall tests are scheduled for October 27, November 17 and November 24.
After that, the SSE will arrange technical tests for securities brokers two days before the stock link goes online. If all goes well, the earliest date to launch the Shanghai-London Stock Connect will be December 3.