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Quantitative Finance · Glossário

O que é Qualified foreign investor and Stock Connect?

Também chamado de: qualified foreign investor · Stock Connect

Definition 12.7 Markets I: The Ecosystem and Exchange-Traded Markets · Capítulo 12 — Asian and Emerging Equity Markets

A qualified foreign investor is a foreign institution licensed by the mainland regulator to invest directly in onshore securities. Stock Connect is the link between the Hong Kong exchange and the Shanghai and Shenzhen exchanges that lets investors on each side trade eligible shares on the other through their home brokers and clearing houses, within a daily quota, without a licence.

A northbound Stock Connect order. The investor faces only its Hong Kong broker; the Hong Kong exchange’s subsidiary is the member of the mainland exchange, and the two clearing houses are each other’s counterparties. Mainland rules — limits, lots, the ban on same-day selling — apply to the order in full.
Figure 12.3. A northbound Stock Connect order. The investor faces only its Hong Kong broker; the Hong Kong exchange’s subsidiary is the member of the mainland exchange, and the two clearing houses are each other’s counterparties. Mainland rules — limits, lots, the ban on same-day selling — apply to the order in full.
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