Shenzhen Stock Exchange Considers Inclusion of ETFs in Stock Connect Market, General Manager Says
Liao Shumin
/SOURCE : Yicai
Shenzhen Stock Exchange Considers Inclusion of ETFs in Stock Connect Market, General Manager Says

(Yicai Global) Dec. 4 -- The Shenzhen Stock Exchange (SSE) is studying the possibility of including exchange-traded funds (ETFs) in the Shenzhen-Hong Kong Stock Connect, a cross-boundary investment channel introduced last year, said Shenzhen Stock Exchange General Manager Wang Jianjun at a conference held jointly with Hong Kong Exchange and Clearing Ltd. and China Securities Depository and Clearing Co. (CSDC) to mark the first anniversary of the program.

SSE aim is to improve the program's trading calendar schedule and cross-border capital service mechanisms, as well as further develop services for domestic and foreign investors.

The program's smooth operation so far has significantly increased the A-share market's appeal to foreign investors and facilitated the inclusion of the Chinese stock market in key indices offered by Morgan Stanley Capital International, said Fang Xinghai, vice chair at China Securities Regulatory Commission (CSRC) during a keynote speech at the event.

The CSRC will continue to improve cross-border stock connection mechanisms to provide domestic and international investors with more asset risk management tools, in line with its firm commitment to reforming the capital market.

The stock connect program has facilitated Hong Kong's integration into the national economy, said Gao Xiaozhen, head of mainland affairs at the Hong Kong Securities and Futures Commission, adding that regulators in the mainland and Hong Kong will strengthen collaboration in regulatory operations and lay a solid foundation for deepening cross-border market mechanisms.

The CSDC will expand and deepen its connections with foreign depository and clearing infrastructure platforms to support long-term, stable and healthy capital market development, said CSDC Chair Zhou Ming.

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Keywords: Shenzhen Stock Exchange , Connectivity