According to the comprehensive media reports, li xiaojia, the founder and chairman of Driptown, stated that currently only half of the connectivity has been completed, and he expects that the 'new stock connect' will make a huge contribution to the mainland and Hong Kong, but the timing is not right in the short term. He believes that it will definitely be achieved within the next ten years.
As the former CEO of the Hong Kong Stock Exchange (00388.HK), li xiaojia, within less than two years after the launch of the 'Shanghai-Hong Kong Stock Connect' in 2014, first mentioned the 'new stock connect' in the Hong Kong Stock Exchange's 'Strategic Plan 2016-2018' in early 2016. However, for many years, it has only been talk. He admitted that the 'new stock connect' is the ultimate goal of the connectivity launched on that day, as the secondary market connectivity only solves investment needs, while primary market connectivity has a greater impact on the world.
He believes that the strategy and logic behind the 'new stock connect' are all sound and applicable today. He expects that when the conditions are right, 'new stock connect' can be achieved one day, promoting a 'century-old swap' between China and the international community for deeper stock and bond exchanges. However, he agrees that now is not the right time to push forward with the 'new stock connect', as the mainland economy faces many challenges, Chinese capital is not in an extremely abundant state, and using mainland funds to invest in overseas IPOs is not a priority option for the authorities in the near future.