On November 26, hkex held the 2024 HKEX China Forum in Shanghai. bonnie chan yi-ting, CEO of the hkex group, said in his speech that for 10 years, the mutual market access mechanism has been operating smoothly, with the investment scope continuously expanding. It has extended from hk->sz to bondconnect, and stock connect, with services continuously optimizing and upgrading. The trading activity has been increasing, bringing win-win results for both Hong Kong and the mainland markets. Taking the shanghai-hong kong and shenzhen-hong kong stock connects as an example, as of the end of September this year, the cumulative turnover of the two channels in the past 10 years has reached 177 trillion yuan RMB. In the first 10 months of this year, the daily trading volumes of the shanghai-hong kong stock connect and the shenzhen-hong kong stock connect reached 136.3 billion yuan RMB and 43.9 billion Hong Kong dollars respectively, accounting for 7.3% and 17.2% of the total trading volumes of the mainland and Hong Kong stock markets, respectively. "The mutual market access mechanism has not only vigorously promoted the opening up of the mainland capital markets and the internationalization of the renminbi, but also consolidated Hong Kong's position as an international financial center and super-connector," bonnie chan yi-ting said. "Currently, stock connects have become the main channel for international investors to trade and hold A-shares in the mainland, with nearly 77% of foreign capital holding Chinese stocks through this channel." (Securities Times)
港交所行政总裁陈翊庭:近77%的外资通过沪深港通持有内地股票
Charles Li, Chief Executive of Hong Kong Exchanges and Clearing Limited (HKEX): Nearly 77% of foreign capital holds mainland stocks through the Stock Connect between Shanghai, Shenzhen, and Hong Kong.
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