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Real-Name will be required to trade stocks in Hong Kong
Published on: 2021-08-13
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Hong Kong’s securities regulator said investors will need to register their real names with the city’s bourse to trade stocks from the second half of 2022, a move that tightens personal identification rules on the exchange in an effort to prevent misconduct.
 

Financial institutions will be required to submit proof of their clients’ identity to the Hong Kong Stock Exchange to place, buy or sell orders, the Securities and Futures Commission (SFC) said in a statement Tuesday.
 

Currently, investors are not required to register their real names on the exchange, with the exception of Chinese mainland residents who trade Hong Kong-listed shares through the Stock Connect program.
 

In December, the SFC initially proposed implementing the real name identity requirement by the first quarter of 2022 at the earliest, but now has decided to delay after receiving public feedback that called for more time for preparation.
 

The identification requirement will also apply to over-the-counter securities transactions in the first half of 2023, including those for ordinary shares and real estate investment trusts, the SFC said.
 

The new identification requirement will not apply to IPOs as they only involve subscriptions of shares but not trading, the regulator said.
 

港股「实名制」,将于明年开始实施

香港证监会,昨日(8月10日)就引入「投资者标识符制度(下称股份实名制)」发表咨询总结,表示最快将于明年下半年实施。在股份实名制下,持牌法团及注册机构须向联交所提交发出股票买卖指示的客户名称及身分证明文件等数据,并获编配身分标识符。不过,今次最终落实版本,与咨询建议方案有部分变动,包括涵盖部分将剔除券商的海外分支客户,以及委托帐户只需披露基金经理的标识符。

根据咨询总结文件,在股份实名制下,持牌法团及注册机构须向联交所提交发出买卖指示的客户的名称及身分证明文件资料,相关客户将获编配身分标识符;而「场外证券交易汇报制度」下,亦须就联交所上市的普通股及房地产信托基金(REITs)的相关场外证券交易,向证监会提交有关资料。两者将分别于2022年下半年及2023年上半年实施,但实际仍需视乎系统测试及市场演练情况而定。

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