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Calastone connects with Shenzhen Securities Communications

First Published 30th September 2016

Calastone connects China and Hong Kong investment markets to facilitate north- and southbound cross-border fund transactions.

Hong Kong - Calastone, the fund transaction network, has announced the establishment of direct connectivity with Shenzhen Securities Communications Co. a fully-owned subsidiary of the Shenzhen Stock Exchange. This represents another step forward in connecting China and Hong Kong investment markets to facilitate north- and southbound cross- border fund transactions.

Calastone is the first financial technology firm that can offer direct SSCC connectivity to financial institutions in Hong Kong participating in the China-Hong Kong Mutual Recognition of Funds (MRF) program, including fund managers, distributors, custodians and fund administrators.