HKEx: No Shanghai deal yet

Talks in place on mutual trading but agreement is still to be struck

The Hong Kong Stock exchange denied speculation on Wednesday that a mutual market trading mechanism with the Shanghai Stock Exchange has been established.

"HKEx has been in discussions with its mainland counterparts regarding the potential establishment of mutual market connectivity initiatives between the mainland and Hong Kong. HKEx wishes to emphasize that as of the date of this announcement, no agreement has been entered into and there is no assurance that an agreement on mutual market connectivity will be entered into. The company will make a further announcement to update investors and the market," the bourse said in an announcement published on the exchange.