Hong Kong regulators are looking to implement an identification programme for all investors in the city looking to buy shares traded on the mainland, according to a legislator representing the city’s financial sector.
The plans would bring Hong Kong, a semi-autonomous Chinese territory, into line with requirements on the mainland, where investors must register with their real name and identification card, to make traders accountable in the event of market manipulation.
The plans target trading through the Connect programme, by which Hong Kong investors can buy shares on the mainland, and vice versa. The Hong Kong-Shanghai Stock Connect was launched in late 2014 and the companion Shenzhen Connect arrived December 2016.