A masked man walks near the Shanghai Stock Exchange Building in Pudong Financial District, Shanghai, China, 3 February 2020. REUTERS/Aly Song/File Photo
Shanghai August 25, 2010 The Shanghai stock market said it will suspend registration and redemption of 67 exchange-traded funds (ETFs) due to trading disruptions triggered by the storm in Hong Kong.
The ban on trading in ETFs that invest in whole or in part in Hong Kong-traded stocks was made at the request of relevant asset managers, the Shanghai bourse said in a statement.
The Hong Kong Stock Exchange suspended trading in both the securities and derivatives markets on Thursday morning due to Tropical Storm Maon. Business will resume in the afternoon as the storm signal has dropped to 8.
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The affected ETFs include ChinaAME Hang Seng Technology ETF (513180.SS), China Life AMP CSI SH-HK-SZ 300 Index ETF (517300.SS) and China South Hang Seng Index ETF (513600.SS).
Also on Thursday, the Shanghai and Shenzhen stock exchanges said in separate statements that their plans to southbound stock links with Hong Kong would be suspended for the period.
The volume of trade and products affected by the Hong Kong trade disruption in mainland China reflects the increasing convergence of the two markets.
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Reporting by Samuel Shen and Brenda Goh; Editing by Richard Pullin
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