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Shenzhen Stock Exchange (SZSE) launched the first “Open House Program for International Investors” on Friday March 15th, the World Consumer Rights Day. More than 20 international institutional investors and retail investors from Hong Kong, Macao and Taiwan were invited to visit SZSE and listed companies. They represented institutions including QFIIs, QFII consulting firms, world-leading index developer and professional associations.
The program was designed to help international investors better understand trading, clearing mechanisms in Shenzhen market and fundamentals of listed companies.
Staff members from SZSE and China Securities Depository and Clearing Corporation （Shenzhen）made introductory presentations on the latest progress of QFII scheme, services to international investors and the process for residents of Hong Kong, Macao and Taiwan residing in the mainland to open A-share trading accounts.
Investors were invited to visit three listed companies based in Shenzhen, namely, the Overseas Chinese Town Group, Han's Laser and Nationz Technologies. In-depth face-to-face dialogues were held between visitors and management on the companies’ business operation, financial status and strategic plans.
According to SZSE, similar activities known as Meet Listed Companies and Get to Know Your Investors had been organized for mainland investors and received warm response. This program was specially designed for international investors in an effort to bring greater attention to and enhance services for this special group of investors.
SZSE has given it a top priority to enhance services for international investors. The program was part of an initiative to improve international investors’ knowledge of Chinese listed companies and seek progress in issuers’ international investor relations service.
In September 2012, under the leadership of CSRC, SZSE joined a delegation to Europe to promote QFII scheme in front of major long-term institutional investors. The delegation collected many constructive opinions and suggestions on QFII system and China’s capital market. In response, SZSE has made pertinent efforts in improving the service system for international investors. SZSE has updated the English website, strengthened real-time translation of major financial indicators and information disclosure in English. SZSE even developed a user-friendly search system for users to find issuer-related information in English on its website. A multi-disciplinary taskforce has been established to conduct research on reforming trading and settlement systems to better meet the needs of international investors.
At present, QFII has a shareholding on Shenzhen market worth 68.4 billion RMB yuan (US$11 billion), accounting for 1.33% of the free-float market capitalization.
