China's stock trading link between Hong Kong and Shenzhen will begin on December 5, allowing investors to buy and sell shares on each other's bourse, China's security regulator announced Friday.

The China Securities Regulatory Commission (CSRC) and the Hong Kong Securities and Futures Commission (SFC) have approved the deal between the Shenzhen Stock Exchange, the Stock Exchange of Hong Kong Limited, China Securities Depository and Clearing Corporation Limited and Hong Kong Securities Clearing Company Limited, assuring mutual trading access between the Shenzhen and Hong Kong stock markets, the CSRC said in a statement.

The trading, clearing and other rules, the daily quota mechanism and other regulatory and operational arrangements have been finalized, said the statement.