HKEX to continue optimizing connectivity schemes between mainland, Hong Kong capital markets


  • World
  • Tuesday, 12 Nov 2024

HONG KONG, Nov. 11 (Xinhua) -- The Hong Kong Exchanges and Clearing Limited (HKEX) said on Monday that it will continue to improve connectivity schemes between the capital markets of the Chinese mainland and the Hong Kong Special Administrative Region (HKSAR), including the Shanghai-Hong Kong and Shenzhen-Hong Kong stock connects, the Bond Connect program and Swap Connect.

Since the Shanghai-Hong Kong Stock Connect, the first connectivity scheme, launched on Nov. 17, 2014, the schemes have provided domestic and foreign investors with convenient and efficient cross-border asset allocation channels and injected liquidity into the capital markets of the Chinese mainland and Hong Kong, said the HKEX in a white paper.

They have also helped strengthen Hong Kong's role as an offshore renminbi (RMB) business hub, said the document.

Over 3,300 securities are eligible for trading under the stock connects by the end of September, accounting for 90 percent of the total market capitalization of companies listed in Shanghai, Shenzhen and Hong Kong, the white paper noted.

In the first three quarters of this year, the average daily turnover of northbound transactions of Shanghai-Hong Kong and Shenzhen-Hong Kong stock connects stood at 123.3 billion yuan (about 17.1 billion U.S. dollars), and that of southbound trading was 38.3 billion Hong Kong dollars (about 4.93 billion U.S. dollars). These figures represent increases of 21 times and 40 times, respectively, from the inaugural month in 2014, said the HKEX.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Woman wins civil damages claim against MMA star Conor McGregor over rape accusation
North Korea condemns US military drills with South Korea and Japan
Trump taps Scott Bessent for Treasury, capping long drama over choice
Disabled Americans rely on rideshare apps but say they still face discrimination: AP
U.S. private-sector activity picks up pace as firms look forward to new gov't: survey
NYC congestion pricing plan to start in January
Spain's solar power poised to surpass wind power as top renewable energy source
U.S. stocks close higher
Mpox still public health emergency: WHO
3rd Wine Vision fair opens in Belgrade

Others Also Read