Yu Wenqiang, Chairperson of China Clearing: Support Hong Kong market exploration and promote T + 1 settlement reform

On November 18, Yu Wenqiang, chairperson of China Securities Depository and Clearing Co., Ltd., said at the 10th Anniversary Summit Forum of the Hong Kong Stock Exchange Interconnection that China Clearing will continue to support the two markets to optimize the interconnection mechanism arrangement to meet the diverse needs of investors, continue to optimize the deposit collection system of Hong Kong Stock Connect for domestic participants, further reduce the capital cost of market institutions, improve the attractiveness of Hong Kong Stock Connect, and support the Hong Kong market to explore and promote the reform of T + 1 settlement, communicate with each other, and improve the security and efficiency of interconnection.