Officially launched on 5 December 2016, Shenzhen-Hong Kong Stock Connect has been commissioned for three full months as of 5 March 2017, fulfilling expected targets with overall smooth trading and stable operation. During its preparation and running, all member units have closely and actively cooperated with Shenzhen Stock Exchange (SZSE), greatly ensuring the smooth launch and stable running and making significant contributions to the successful launch. Currently, there are 96 securities companies and 46 non-member transaction participants who have opened the trading authority of Hong Kong stock connect. In order to honor the meritorious and establish models, SZSE has delivered “Outstanding Contribution Awards in Shenzhen- Hong Kong Stock Connect” to 15 members units including Essences Securities after comprehensively thinking over their strong support and active contributions in technical test participation, business plan development and market organization. The awards are to further stimulate the activeness and creativeness of member units.
A principal from SZSE said that in the past three months of SZ-HK Stock Connect’s running as of 5 March 2017, the accumulated net buying capital of Shenzhen stock connect has amounted to 39.542 billion yuan and that of Hong Kong stock connect 16.524 billion yuan while the net capital inflow of SZ-HK Stock Connect has reached 23.018 billion yuan. The work on all businesses of SZ-HK Stock Connect has been steadily carried out in order. SZSE works closely with all interested parties, having smoothly completed the transmission of daily transaction settlement data and the handling of corporate actions. In terms of Shenzhen stock connect, the underlying stocks have been adjusted twice, with the current total of 904 underlying stocks. On the part of Hong Kong stock connect, SZSE has formulated and released the trading day arrangement during the end of 2016 and in year 2017 and has adjusted the underlying stocks for eight times, with the current total of 422 underlying stocks.
The principal also underscored that the development of SZSE’s work would not be possible without the support and cooperation of member units, with the smooth launch and stable running of SZ-HK Stock Connect being an important achievement of the close collaboration and joint advancement of SZSE and all market players. The year of 2017 is a crucial year for the economic upgrade and transformation and the in-depth development of supply-side structural reform. SZSE will follow the unified deployment of the State Council and the China Securities Regulatory Commission by consolidating partnerships with member units, fully playing their market roles and constantly optimizing the interconnection mechanism. In addition, SZSE will endeavor according to the requirements set at the 2017 securities and futures supervision working conference by seeking progress in stability, keeping strict supervision in accordance with law and protecting investors’ legitimate rights and interests. SZSE will further highlight the prevention of financial risks and continue to work with member units in sparing no efforts in pressing ahead the reform and development of a multi-layer capital market and constantly enhancing the capital market capacities of serving real economy and social development.
