Special Announcement regarding the Launch of Northbound Program Trading Reporting (Updated at 3pm on 10 January 2026)
Following the smooth completion of the Post Release Test (PRT) conducted on 10 January 2026 (Saturday), Hong Kong Exchanges and Clearing Limited is pleased to announce that the Electronic Communication Platform (ECP) has been successfully upgraded in preparing for the Launch of Northbound Program Trading Reporting.
CCEPs/TTEPs can submit the related files (i.e., Program Trading Reporting File, High Frequency Trading Reporting File, Checklist for Submission of Supporting Documents for the High Frequency Trading Reporting Exemption) via ECP starting from 12 January 2026 (Monday).
On 11 July 2025, the Mainland exchanges issued the reporting requirements for Northbound investors engaged in program trading under the Stock Connect (NB Program Trading Reporting Requirements), effective from 12 January 2026.
Northbound investors should refer directly to the official websites of the Mainland exchanges for the most accurate and up-to-date information relating to the NB Program Trading Reporting Requirements. For ease of reference, this page is created to serve as a centralised platform for disseminating the relevant information.
FAQ
Circular
Technical Documents
HFT Exemption Checklist
Northbound Program Trading Reporting Guidelines (“Guidelines”) (in Chinese only)
Northbound Program Trading Fill-in Instructions (“Fill-in Instructions”) (in Chinese only)
Points to Note for Northbound Program Trading Fill-in and Reporting (“Points to Note”) (in Chinese only)
Northbound Program Trading Reporting Template (“Reporting Template”) (in Chinese only)
Management Measures (in Chinese only)
Consultations conducted by SSE and SZSE (in Chinese only)
English Translation on Guidelines, Fill-in Instructions, Points to Note and Reporting Template (for reference only)