Shenzhen bourse welcomes eligible HK-listed shares to Stock Connect

0 Comment(s)Print E-mail CGTN, October 9, 2022
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The Shenzhen stock exchange will include qualified primary listed stocks on the Hong Kong Stock Exchange in the Southbound Stock Connect, a spokesperson said Saturday.

Companies including Chinese video platform Bilibili, tech conglomerate Alibaba and fast-food restaurant Yum China have applied for primary listing status in Hong Kong this year, paving the way for a Stock Connect application.

The Stock Connect is a cross-boundary investment channel that connects the Shanghai, Shenzhen, and Hong Kong stock exchanges. The scheme helps investors in one market to trade shares in others.

Taking Bilibili as an example, after its conversion to a primary listing on October 3, the company's securities can be added to the Southbound Trading Scheme if it meets the conditions for inclusion after the examination process, the spokesperson said.

Going forward, the Shenzhen Stock Exchange will pay close attention to the changes in the listing status of Hong Kong-listed companies, make Southbound Stock Connect inclusions for eligible securities to meet investors' needs and unswervingly promote high-level two-way opening up of the capital market, the spokesperson added.

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