The Exchange Circular (Ref. No.: CT/088/22) has stated that starting from July 24, 2023, Mainland investors will no longer be allowed to use CHN BCANs for Northbound Trading under Stock Connect. While Mainland investors cannot actively purchase China Connect Securities through Northbound Trading, they can sell them by tagging reserved values. The Interface Specifications for HKEX China Connect Central Gateway Platform on HKEX website has been updated, and pre-registration is unnecessary for using the reserved values. bound Trading, but they can sell them by tagging reserved values. The reserved values “3 = for individual Mainland investors” or “4 = for institutional Mainland investors” can be used by Mainland investors to sell their China Connect Securities through Northbound Trading. Any new registration of CHN BCANs or changes to the country/region of issuance of existing ones to “CHN” will be rejected. CCEPs and TTEPs are advised to attend the E2E testing session from June 12 to July 7, 2023, to ensure that their systems function smoothly after the transitional period.
Resource: https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/SEHK/2023/CT06923E.pdf