The Hong Kong Monetary Authority and the People's Bank of China announced today (20th) that the "Payment Connect" will be launched at noon on June 22 (this Sunday). Meanwhile, HSBC and ICBC (Asia) announced that they will be among the first batch of participating banks.

To celebrate the launch of the "Payment Connect", HSBC will reward eligible customers with HKD10 each time they receive at least HKD1,000 or RMB1,000 via the "Payment Connect". Rewards will be distributed on a first-come, first-served basis for a period until September 30, 2025.

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There are six institutions participating in the "Payment Connect" on each side. In Hong Kong: BOC HONG KONG (02388.HK)  +0.600 (+1.724%)    Short selling $96.05M; Ratio 15.938%   , HSBC, HANG SENG BANK (00011.HK)  0.000 (0.000%)    Short selling $66.67M; Ratio 19.230%   , ICBC (Asia), BANK OF E ASIA (00023.HK)  +0.020 (+0.176%)    Short selling $5.67M; Ratio 2.686%   , and CCB (Asia). On the Mainland: ABC (01288.HK)  +0.080 (+1.460%)    Short selling $130.47M; Ratio 21.672%   , BANK OF CHINA (03988.HK)  +0.070 (+1.566%)    Short selling $386.29M; Ratio 7.892%   (601988.SH)  +0.050 (+0.903%)   , BANKCOMM (03328.HK )(601328.SH)  +0.160 (+2.057%)   , CCB (00939.HK)  +0.250 (+3.342%)    Short selling $1.05B; Ratio 22.899%   (601939.SH)  +0.090 (+0.976%)   , CM BANK (03968.HK)  +0.950 (+1.822%)    Short selling $414.49M; Ratio 26.918%   (600036.SH)  +0.360 (+0.789%)   , and ICBC (01398.HK)  +0.170 (+2.819%)    Short selling $391.80M; Ratio 16.502%   (601398.SH)  +0.070 (+0.959%)   .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-20 16:25.) (A Shares quote is delayed for at least 15 mins.)