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On October 13, 2016, Shenzhen Stock Exchange (SZSE) and Hong Kong Exchanges and Clearing Limited (HKEx) kicked off their global roadshows for Shenzhen-Hong Kong Stock Connect in Hong Kong. SZSE Chairman Wu Lijun and HKEx Chief Executive Charles Li both addressed at the ceremony. Representatives from SZSE, HKEx and China Securities Depository and Clearing Corporation Limited introduced characteristics of the Shenzhen Market, mechanism design of Shenzhen-Hong Kong Connect, and clearing system respectively. Over 600 international investors attended the event.
Mr. Wu Lijun said that the approval of Shenzhen-Hong Kong Connect indicates that a solid step forward has been made in the international, legal and market development of China’s capital market. It will promote the cooperative relationship between the mainland and Hong Kong to a greater scope, a higher dimension and a deeper level. SZSE features innovative new-economy issuers. The connect offers unique asset scope of investment for overseas investors and international capital platform for innovative enterprises. SZSE will take this opportunity to constantly improve service system for international investors and access for foreign capital.
Mr. Charles Li said that the Shenzhen-Hong Kong Connect will further enhance the mutual market access between the mainland and Hong Kong markets and reinforce Hong Kong’s status as the leading offshore RMB asset management center. The roadshow is an important measure to promote competitiveness and attractiveness of both Shenzhen and Hong Kong markets. Ms. Wang Hong, Vice Executive President of SZSE, attended joint press conference after the ceremony and answered questions raised by Hong Kong and international media regarding readiness of technical system, investor protection scheme, trading rules, global roadshow and other matters. “Implementation of investor online voting system is mandatory for companies included in Shenzhen Connect,” Ms. Wang said. “Two exchanges and clearing houses are fully prepared, and overall market testing will be the next step.” Hong Kong is the first leg for the jointly roadshow, which will take the two exchanges to Europe and North America.
The delegation from SZSE will also hold one-on-one roadshows with several investment institutions in Hong Kong. Prior to the roadshow, SZSE has been engaged in continuous promotion activities and has held several events for foreign investors, in which over 200 investors participated. In the future, SZSE will organize promotion activities for foreign investors on a regular basis.
