The China Securities Regulatory Commission (CSRC) and the SFC have jointly announced that they have reached a consensus on the introduction of block trading (manual trades, ie, trades conducted outside the Hong Kong Stock Exchange Limited (SEHK)'s trading system and reported to the SEHK) under Stock Connect. The initiative is intended to further enhance Stock Connect arrangements, make more trading mechanisms available, enhance trading efficiency, and promote the mutual development of capital markets in both Hong Kong and the Mainland.