On March 14th, Shenzhen Stock Exchange (SZSE) and Hong Kong Exchanges (HKEX) launched the SZSE & HKEX Investor Education Cooperation Copy Exchange Ceremony themed with “Shenzhen and Hong Kong Serve Each Other Hand in Hand” and the first Getting Inside Securities’ Business Department event. Principals from the two bourses and the CSRC as well as member units and investor representatives attended the ceremony, witnessing a fresh start in Shenzhen and Hong Kong investor education cooperation (SZHKIEC).
As the handshake model symbolizing SZHKIEC was slowly raised, the principals of SZSE and HKEX exchanged the copies on investor education cooperation and launched the first cooperation event. A SZSE principal expressed that after the launch of the Shenzhen-Hong Kong Stock Connect program, new requirements on cross-border supervision, cross-market law enforcement and SZHKIEC emerge. Because the differences between Shenzhen and Hong Kong markets are manifold, overseas investors are in sore need of understanding the new rules, new situations and new risks. In addition, the utterly different structures of investors in the Mainland and Hong Kong have presented new challenges to the investor service, education and protection in the two regions. To this end, the Investor Education Center of SZSE and the China Customer Relationship and Marketing Department of HKEX have studies and discussed for many times and formed consensuses on investor education cooperation. On such basis was arranged the copy exchange. The act is aimed to form broader regional connection in the investor education service of Shenzhen-Hong Kong Stock Connect so as to make their respective advantages complementary to each other and join hands in moving forward the investor education and service in the Mainland and Hong Kong.
According to the cooperation arrangement, SZSE and HKEX will pull together in organizing characteristic investor education activities by centering on the two capital markets and establishing collaboration mechanisms including bi-directional help in exhibition and display, roadshow cooperation, information sharing and research projects, thus roundly forging the “Shenzhen-Hong Kong Connect” in investor education between the two regions. A principal of the Investor Protection Division of CSRC Investor Protection Bureau said that the continual and stable running of Shenzhen-Hong Kong Stock Connect can be ensured only when investors’ rights and interests are protected under interconnection and when they get help in understanding cross-border investment risks. He also believed that the copy exchange is a key start in promoting hand in hand the investor education cooperation in the two regions and wished great achievements will be delivered in the cooperation.
In the first cooperation event held, SZSE and HKEX lecturers explained rules of Hong Kong Stock Connect and features of Hong Kong market and demonstrated how to use the simulation trading platform of Hong Kong Stock Connect. Then, a fierce “Easy IK” simulated investment competition on among investors followed. An HKEX principal said that the cooperation between SZSE and HKEX has been of long standing and that the first Getting Inside Securities’ Business Department event signifies a new beginning of the two bourses’ investor education campaign. It is hoped that such events will help investors in the two regions better understanding the rules of and differences between the two markets so that they can better seize investment opportunities and form sound risk prevention awareness.
SZSE and HKEX have kept long-term close personnel exchange and liaison mechanism and have made diverse beneficial attempts in products and businesses such as the development of index products and the reform of B-share to H-share conversion. In the future, SZSE will continue to endeavor based on domestic and overseas investors’ demands in making innovation in service approaches, enhancing investor experience, improving analysis and study tools and advocating rational investment concepts, thus constantly perfecting the service and education system for domestic and overseas investors.
After the said first event, SZSE will continue its “3-15 (i.e. March 15th) Investor Protection” series activities in 2017. These include the investor service and protection forum, the 15th “3-15 Investor Rights Protection Online Consultancy”, the 184th event of “Practicing Chinese Dream, Getting Inside Listed Companies”, the event of “Overseas Investors to Get Inside Listed Companies” and the release of 2016 Individual Investor Survey Report.
