On the 7th anniversary of interconnection, the cumulative turnover of North Shanghai Stock connect and Shenzhen Stock connect reached 64 trillion yuan
2021-11-18
The Hong Kong Stock Exchange announced on the 17th that as the world's first two-way opening model of capital market, the Shanghai Hong Kong stock connect ushered in the seventh anniversary. As of November 10, the cumulative turnover of North Shanghai Stock connect and Shenzhen Stock connect in the past seven years had reached 64 trillion yuan, with a cumulative net inflow of 1.5 trillion yuan into the mainland stock market. On November 17, 2014, the Shanghai Hong Kong stock connect mechanism connecting Hong Kong and Shanghai stock markets was launched. On December 5, 2016, the Shenzhen Hong Kong stock connect mechanism connecting Hong Kong and Shenzhen stock markets was launched. After smooth operation, the transaction of Shanghai Shenzhen Hong Kong stock connect has been continuously active and reached new highs. It has become one of the main channels for cross-border asset allocation of Chinese and foreign investors. According to the data released by the Hong Kong stock exchange, as of November 10, the average daily turnover of North Shanghai Stock connect and Shenzhen Stock connect this year has reached 122.26 billion yuan, an increase of 35% over the same period last year; The average daily turnover of Nantong Hong Kong stock connect this year has reached HK $44.06 billion, an increase of 87% over the same period last year. As of November 10, 2021, the cumulative turnover of southbound Hong Kong stock connect in the past seven years had reached HK $23.1 trillion, with a cumulative total of HK $2.1 trillion. Mainland funds had net inflows into Hong Kong stocks. The total amount of Hong Kong stocks held by mainland investors through Hong Kong stock connect continued to rise, from HK $13.1 billion at the end of 2014 to HK $2.2 trillion on November 10, 2021. HKEx said that in recent years, HKEx has worked closely with mainland exchanges to continuously improve the interconnection mechanism and provide convenience for Chinese and foreign investors. In the future, HKEx will continue to cooperate with mainland partners, regulators, users and market parties to continuously optimize the interconnection mechanism, create more opportunities for the two markets and better connect China and the world. (outlook new era)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Xinhua
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