8. Shanghai-Hong Kong Stock Connection program
Nov 17, 2014, was the launch of mutual trading access between the Shanghai and Hong Kong stock markets.
The program allows investors of the two sides to trade shares on each other's exchanges.
Stock Connect allows up to 13 billion yuan of net daily purchases from Hong Kong of Shanghai-listed stocks and 10.5 billion yuan of net purchases from Shanghai of Hong Kong-listed stocks. It also puts a cap of 300 billion yuan in northbound (from Hong Kong to Shanghai) purchases and 250 billion yuan in southbound.
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Participating brokerages conduct the second round of rehearsals on the stock connects in Hong Kong, Sept 13, 2014. [Photo/IC] |
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