CITIC CLSA utilises BNY Mellon for Stock Connect collateral
The participation of CITIC CLSA is the latest milestone for BNY Mellon as it looks to make Chinese securities more widely accepted by global trading firms.
The participation of CITIC CLSA is the latest milestone for BNY Mellon as it looks to make Chinese securities more widely accepted by global trading firms.
HKEX Synapse, unveiled in November last year, will enable asset managers, custody and clearing banks to handle the growing volume of trades though Stock Connect into China.
HKEX will use DAML-developed smart contracts and has partnered with DTCC to streamline and automate Northbound Stock Connect post-trade processes.
Custodian partners with CLSA to ease access to China’s equity capital markets via Stock Connect.
Speculation is mounting as to whether additional access schemes will be rolled out between China and other major regional markets.
The interface will help BNP Paribas's custody clients to manage their migration to DLT without having to adapt their global operating platform.
The new programme represents the first time foreign investors can access China A-Shares, via depository receipts, outside of the Greater China region.
ETF Connect, expected to launch last year, had struggled to overcome a number of technical issues concerning differences in trading and settlement mechanisms.
It is now more than likely that the London-Shanghai Stock Connect trading scheme will be up and running, with a go-live date pencilled in for December.