Hong Kong Exchanges and Clearing Limited (HKEX) welcomes today's announcement by the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission of the start date for Shenzhen-Hong Kong Stock Connect (Shenzhen Connect), a mutual market access programme of the Hong Kong and Shenzhen stock markets.
As stated in a regulatory announcement HKEX published today, the launch of Shenzhen Connect on 5 December 2016 has been approved.
The HKEX market has been ready in terms of technical systems and operations for the launch of programme. HKEX is also pleased to announce that all the conditions under the Four-party Agreement* have been satisfied and therefore Shenzhen Connect will commence operation on 5 December 2016.
The list of stocks that will be eligible for Northbound trading on 5 December 2016 is available in the Stock Connect section of the HKEX website. The eligible stock list will be updated daily.
HKEX has completed three rounds of connectivity testing and market rehearsals to ascertain technical readiness of the market infrastructure and operational readiness of market participants. One hundred forty-two China Connect Exchange Participants (CCEPs) are expected to be eligible to participate in the two Stock Connect programmes from 5 December 2016, while other Exchange Participants (EPs) can also apply to become CCEPs later upon satisfaction of relevant requirements.
HKEX appreciates the efforts of its EPs and other business partners in preparing for Shenzhen Connect.
"I want to thank everyone for their support to ensure a smooth launch of Shenzhen Connect," said HKEX Chief Executive Charles Li. "We're ready for another milestone in our mutual market access initiative. Shenzhen Connect will open up another Mainland market for international investors, give investors on both sides of the boundary more choices and enhance access to the Mainland’s stock market through our market and to our market through the Mainland market."
HKEX has updated a wide range of materials on Stock Connect, including Frequently Asked Questions and videos, for investors and market participants who are interested in knowing more about the programme. For details, please see the Stock Connect section of the HKEX website.
||The Four-party Agreement for the establishment of Shenzhen Connect was signed on 11October2016 by The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited, wholly-owned subsidiaries of HKEX, with the Shenzhen Stock Exchange and China Securities Depository and Clearing Corporation Limited.