- Awards recognise market participants’ contributions to Stock Connect in 2017
- Shenzhen Connect included for first time
Hong Kong Exchanges and Clearing Limited (HKEX) today (Thursday) presented its Stock Connect Awards for 2017 to recognise major brokerages for their achievements last year in the city’s landmark stock trading linkages with the Shanghai and Shenzhen stock exchanges.
HKEX welcomed guests from the industry to an awards presentation ceremony at the newly-unveiled HKEX Connect Hall, celebrating the success of the Stock Connect programme that enables investors in the Mainland China and Hong Kong stock markets to trade hundreds of securities in the other markets through an exchange in their home market.
The Stock Connect Awards for 2017 were the first to honour the contributions of market participants to both Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect (the schemes were introduced in late 2014 and late 2016 respectively).
Four sets of awards were presented to brokerages with the highest Northbound trading volumes in Stock Connect in 2017, while awards were also presented to custodians and Clearing Participants in the programme. In addition, awards were handed out for the brokers with the best improvement in ranking during the year.
“Stock Connect had record high Northbound and Southbound turnover last year and has helped us meet Mainland investors’ demand for diversification while becoming the leading channel for offshore interest in A shares. All these would not have been possible without the efforts and support of our market participants,” said HKEX Chief Executive Charles Li.
In 2017, as the Shanghai and Shenzhen Connect links celebrated their third and first anniversaries respectively, trading volumes in both directions surged, with total Northbound turnover nearly trebling to RMB2,266 billion, while Southbound turnover rose 170 per cent to $2,259 billion.
Please refer to the attachment for the list of award recipients.
Stock Connect Awards for 2017
Award recipients (in alphabetical order):
- Top Shanghai Connect Trading Award – International Broker
Top 3 International China Connect Exchange Participants (CCEPs), according to their absolute trading turnover (value) in Shanghai Connect during the period of 3 January 2017 to 31 December 2017 (first to last trading day of the year)
- Bank of America Merrill Lynch
- Morgan Stanley
- UBS AG
- Top Shenzhen Connect Trading Award – International Broker
Top 3 International China Connect Exchange Participants (CCEPs), according to their absolute trading turnover (value) in Shenzhen Connect during the period of 3 January 2017 to 31 December 2017 (first to last trading day of the year)
- Bank of America Merrill Lynch
- Morgan Stanley
- UBS AG
- Top Shanghai Connect Trading Award – Chinese Broker
Top 3 Chinese CCEPs, according to their absolute trading turnover (value) in Shanghai Connect during the period of 3 January 2017 to 31 December 2017 (first to last trading day of the year)
- China International Capital Corporation Limited
- CITIC Securities (CLSA Limited)
- Haitong International Securities Group
- Top Shenzhen Connect Trading Award – Chinese Broker
Top 3 Chinese CCEPs, according to their absolute trading turnover (value) in Shenzhen Connect during the period of 3 January 2017 to 31 December 2017 (first to last trading day of the year)
- Beevest Securities
- China International Capital Corporation Limited
- Haitong International Securities Group
- Top Assets Under Depository of the Year – Custodian Bank
Top 3 Custodian Participants according to their assets under deposit with Hong Kong Securities Clearing Company Limited, or HKSCC, under Stock Connect as of 31 December 2017
- Citibank N.A.
- HSBC
- Standard Chartered
- Top SPSA Participation of the Year – Stock Connect
Top 3 Exchange Participants according to the number of Special Segregated Accounts, or SPSAs, they had opened as of 31 December 2017
- China International Capital Corporation Limited
- Citi
- Credit Suisse
- Breakthrough International Broker of the Year – Stock Connect
International CCEP with the most improved ranking in Stock Connect trading according to its absolute trading turnover (value) during the period of 3 January 2017 to 31 December 2017 (first to last trading day of the year)
- Breakthrough Chinese Broker of the Year – Stock Connect
Chinese CCEP with the most improved ranking in Stock Connect trading according to its absolute trading turnover (value) during the period of 3 January 2017 to 31 December 2017 (first to last trading day of the year)
Ends