MNI BRIEF: Swap Connect Quotas Currently Sufficient - PBOC
Mainland China and Hong Kong authorities see swap connect quotas as currently sufficient, but could increase in the future should conditions change, Zhou Yu, head of the PBOC International Department told reporters on Wednesday.
Zhou said China was constantly exploring new measures to make investor activities more convenient when using market interconnection programmes, and would work to optimize cross-border wealth management links between Guangdong-Hong Kong-Macao Greater Bay Area.
China will likely increase stock market regulation, such as tighter IPO rules and strengthened law enforcement, to create a fairer trading environment and restore investor confidence, which could push A-shares up 50%, a policy advisor recently told MNI in an interview. (SEE: MNI INTERVIEW: China To Strengthen Stock Market Oversight)