Direct investment program put on hold

No timetable has been set for a pilot program that will allow people on the mainland to invest directly in Hong Kong-listed shares, a top banking regulator said yesterday.

Further studies are needed for the so-called "through train" program, Liu Mingkang, chairman of the China Banking Regulatory Commission, said.

He also said there is no plan to allow funds generated through China's qualified domestic institutional investor (QDII) program to be invested in the domestic stock market.