The Stock Exchange of Hong Kong (SEHK), Shanghai Stock Exchange (SSE), and Shenzhen Stock Exchange (SZSE) today announce that Stock Connect inclusion arrangements for companies with A-shares listed on the SSE’s Sci-Tech Innovation Board (STAR Market), and H-shares listed in Hong Kong, have been agreed.
Currently, A+H companies listed on the SEHK and SSE or SZSE are eligible for trading via Stock Connect. This arrangement will be extended to A+H companies that are listed on the STAR Market.
SSE’s new STAR Market is different from its main board in terms of trading, regulations and investor eligibility. Accordingly, business and technical assessments, as well as other preparations, need to be completed before stocks listed on the STAR Market become available via Northbound trading of Stock Connect.
A+H companies that are listed on the STAR Market will have their A-shares eligible for Northbound trading after relevant business and technical preparations are completed. A date for inclusion will be announced in due course.
The corresponding H-shares in these companies will be included in Southbound trading of Stock Connect when the Northbound arrangements take effect. The inclusion of eligible constituent stocks of the Hang Seng Composite LargeCap, MidCap, and SmallCap indexes to Southbound trading will not be affected by this arrangement.
Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets. HKEX is the world’s leading IPO market and as Hong Kong’s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.
HKEX is also the global leader in metals trading, through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited. This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange, in China, in 2018.
HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.