Hong Kong Exchanges and Clearing Limited (HKEx) organised two educational training workshops this week to support trading of Hong Kong-listed shares (Southbound trading) through Shanghai-Hong Kong Stock Connect (Stock Connect), its mutual market access programme with the Shanghai Stock Exchange (SSE).
The first workshop, jointly organised with Hong Kong Investor Relations Association and The Chamber of Hong Kong Listed Companies, was held in Hong Kong on Wednesday and focussed on onshore investor relations. The second workshop was held today in Shanghai. It was on corporate actions and there were two co-organisers, SSE and ChinaClear, one of the other partners in Stock Connect.
The event in Hong Kong highlighted the importance of investor relations (IR) on the Mainland, where there is substantial and very active retail investor participation and the IR practices differ from the practices overseas. The programme was designed for senior executives of Hong Kong-listed companies. Experts from equity capital markets teams and buy-side funds along with award-winning IR professionals gave practical tips on ways to conduct effective and efficient IR work on the Mainland from different perspectives.
The training in Shanghai was arranged to help brokers and financial advisers gain a better understanding of corporate actions by companies listed in Hong Kong and how they differ from the current market practices and arrangements of Mainland-listed companies.
About 120 people attended the training workshop in Hong Kong and today's workshop had about 270 participants. Video (in Mandarin only) from the Hong Kong workshop is now available on the HKEx website, the Shanghai workshop will be uploaded later.
"Stock Connect is the first programme of its kind so training workshops like these are very important in facilitating Mainland investors’ understanding of the Hong Kong market’s practices and on the other hand, for Hong Kong-listed companies to become more familiar with Mainland investors, both of which are key elements in supporting the Southbound trading through the Stock Connect programme," said Mao Zhirong, HKEx's Head of Mainland Development. "We will continue our initiatives in support of Southbound trading and in providing Stock Connect educational information to investors and other market participants through seminars, written materials and other online and offline means."
Participants listen to a presentation during the training workshop HKEx organised in Hong Kong on Wednesday to support Southbound trading under Shanghai-Hong Kong Stock Connect, its mutual market access programme with the Shanghai Stock Exchange.
Mao Zhirong, HKEx's Head of Mainland Development, delivers welcome remarks at a training workshop in Shanghai today. HKEx co-organised the event with the Shanghai Stock Exchange and China Clear to explain corporate actions by companies listed in Hong Kong.
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