SPB Exchange will trade shares of mainland China and other “friendly” countries

MOSCOW, March 14 (Reuters) – The St. Petersburg Stock Exchange, which specializes in trading foreign shares, plans to launch trading in shares from mainland China and other countries “friendly” to Russia such as India, South Africa, Brazil, Yevgeny Serdyukov, the first deputy said on Tuesday general manager of the stock exchange.

Last year, the Central Bank of the Russian Federation limited the possibility of buying securities by unqualified investors from countries “not friendly” to Russia, and although there is a large number of qualified investors on the SPB Exchange market, the trading platform is constantly expanding the range of instruments from “friendly” jurisdictions for “unqualified” investors.

Hong Kong securities have been traded on the SPB since last year.

“We intend to start trading in mainland Chinese stocks, expand the range of instruments listed on the Hong Kong Stock Exchange and other friendly jurisdictions,” Serdyukov said at an online conference.

The exchange plans to increase the number of Hong Kong-listed shares to 500+ by the end of 2023.

The exchange is also preparing to start trading in shares from Uzbekistan, India, Brazil, Mexico, South Africa and other “friendly” jurisdictions. (Elena’s Factory)