HK includes DVP service

Updated 2017-11-08 10:34:57 Global Times

Hong Kong Exchanges and Clearing (HKEX) announced on Tuesday that it will include delivery versus payment services in yuan, Hong Kong dollars and U.S. dollars in the Shenzhen-Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect programs starting November 20.

The new service will be used by institutional investors, according to the announcement.

Delivery versus payment (DVP) is a settlement system wherein a cash payment must be made prior to or simultaneously with the delivery of the security.

First launched in November 2014, the northbound trading now covers a total of over 2,400 eligible equities, includ

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