The expansion of eligible ETFs (exchange traded funds) under the Shanghai Hong Kong Stock Connect will take effect on the 22nd. Previously, the Hong Kong Exchanges and Clearing Limited (HKEX), Shanghai Stock Exchange, and Shenzhen Stock Exchange announced new inclusion criteria for the Shanghai Shenzhen Hong Kong Stock Connect ETF on April 19, 2024. The Hong Kong Stock Exchange mentioned that with the increasing investment demand in mainland China, Hong Kong, and globally, the expansion of the Shanghai Shenzhen Hong Kong Stock Connect ETF is expected to add momentum to the development of the ETF market in the coming years. This is great news for the development of the Hong Kong market. Expanding the scope of the Shanghai Shenzhen Hong Kong Stock Connect ETF will help enhance the product diversity and liquidity of the Hong Kong ETF market, support the sustained development of Hong Kong as a leading ETF market in Asia, and also help consolidate Hong Kong's role as a major gateway for investing in the mainland. The Hong Kong Investment Fund Association welcomes this and has put forward suggestions, including further expanding the scope of eligible products and considering allowing the inclusion of thematic ETFs; Suggest including ETFs in "Cross border Wealth Management Connect" and other platforms. (New Society)
Edit：Lubaikang Responsible editor：Chenze
Source：chinanews.com
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