Date
24 January 2017
HKEx chief executive Charles Li, Secretary for Financial Services and the Treasury Ceajer Chan and bourse chairman Chow Chung-kong remain upbeat on the outlook of the stock link. Photo: HKEJ
HKEx chief executive Charles Li, Secretary for Financial Services and the Treasury Ceajer Chan and bourse chairman Chow Chung-kong remain upbeat on the outlook of the stock link. Photo: HKEJ

HKEx sees expansion of Shanghai-HK Stock Connect next year

Hong Kong Exchanges and Clearing Ltd. (00388.HK) hopes the capacity of the Shanghai-Hong Kong Stock Connect will be expanded in time with the expected launch of the Shenzhen stock trading link next year, HKEx chief executive Charles Li Xiaojia said.

The expansion is likely to cover the scope of qualified stocks and the investment quotas, and involve technical enhancements, the Hong Kong Economic Journal quoted Li as saying.

Li refused to say whether small caps will be included in the scheme.

The Hong Kong bourse has yet to conduct joint trial runs with its Shenzhen counterpart for the planned stock link.

Northbound transactions in the Shanghai-Hong Kong Stock Connect reached 1.54 trillion yuan (US$241.2 billion) over the past year since its inception.

Southbound transactions paled in comparison, reaching only HK$742 billion during the period.

The Secretary for Financial Services and the Treasury Ceajer Chan Ka-keung said he expects transaction volumes to rise as the stock market rebounds.

[Chinese version中文版]

– Contact us at [email protected]

VW/JP/CG

Hong Kong Economic Journal

EJI Weekly Newsletter

Please click here to unsubscribe