Stock Connect, the landmark mutual market access programme connecting Hong Kong and Mainland China equity markets, marks its 8th anniversary. Hong Kong Exchanges and Clearing Limited (HKEX) today (Monday) is pleased to publish some key statistics from the programme over its eight-year history.

As at 30 November 2022, cumulative Northbound Stock Connect turnover since launch in 2014, totalled RMB89.4 trillion, resulting in a net capital A-share market inflow of RMB1.7 trillion. Hong Kong and international investors held a total of RMB2.2 trillion in A-shares listed on the Shanghai and Shenzhen exchanges as at 30 November 2022, compared with RMB86.5 billion as at the end of 2014, shortly after the launch of Stock Connect.

Cumulative Southbound Stock Connect turnover since launch 8 years ago totalled HK$30.4 trillion, bringing a net capital inflow of HK$2.6 trillion into the Hong Kong market. Mainland investors held HK$2.0 trillion worth of Hong Kong-listed shares through Stock Connect as at 30 November 2022, up from HK$13.1 billion at the end of 2014.

As at 30 November 2022, average daily turnover of Northbound trading was RMB101.1 billion in 2022, while average daily Southbound turnover was HK$30.5 billion in 2022.

In 2022, a series of new initiatives has opened a new chapter in the Stock Connect journey:

• Major enhancements include the inclusion of ETFs in Stock Connect (launched on 4 July), and enhancements to the Stock Connect trading calendar to deepen cross-border market accessibility.
• In addition, HKEX warmly welcomed China Securities Regulatory Commission (CSRC)’s announcement in September 2022, supporting the planned inclusion of international companies in Stock Connect and the inclusion of RMB counters in Stock Connect for southbound trading.

Hong Kong - Shanghai Stock Connect was launched on 17 November 2014 while Hong Kong-Shenzhen Stock Connect followed two years later, on 5 December 2016. The Stock Connect programme gave Mainland and international investors direct access to each other’s market for the very first time.

HKEX looks forward to working closely with its customers, regulators, Mainland exchanges and the broader market on bringing even more opportunities to local, regional and international companies and investors, as HKEX connects China and the world.

To learn more about HKEX’s Connect programmes, please read the newly-published HKEX Connect White Paper .