Financial News
Written by: Zhang Weilun
2020-11-27 20:35
Last update date: 2020-11-27 20:44
The Hong Kong Stock Exchange (0388) pointed out that in order to further improve the interconnection mechanism, the three exchanges of Shanghai, Shenzhen and Hong Kong reached a consensus on the simultaneous expansion of the scope of Shanghai-Shenzhen-Hong Kong Stock Connect stocks. 180, SSE 380 index constituent stocks or A+H share company A shares, the stock will be transferred to the scope of the Shanghai Stock Connect according to the existing regulations of the Shanghai-Shenzhen-Hong Kong Stock Connect, and the corresponding H shares will be transferred according to the existing regulations of the Shanghai-Shenzhen-Hong Kong Stock Connect The scope of southbound trading stocks.
At the same time, considering the implementation of investor suitability management on the Sci-tech Innovation Board, investors who buy and sell shares on the Sci-Tech Innovation Board through Shanghai Stock Connect are intended to be limited to institutional professional investors as defined by relevant Hong Kong rules. The relevant rules are subject to the approval of the regulatory authorities of the two places; It is expected that after the completion of market preparations early next year, the above-mentioned science and technology innovation board stocks will be included in the scope of Shanghai-Shenzhen-Hong Kong Stock Connect stocks.
Beishui can buy B shares in 1 month
On the other hand, with regard to the stocks of biotech companies, the three exchanges agreed that if they belong to the relevant Hang Seng Composite Index component stocks or the H shares of A+H listed companies listed on the Shanghai, Shenzhen and Hong Kong Stock Exchanges, the stocks will be The existing regulations of Southbound Trading are transferred to the scope of Southbound Stock Connect (the stocks of biotech companies belonging to the H shares of A+H share companies on the Sci-tech Innovation Board will be transferred into the scope of Southbound Stock Connect according to the aforementioned STAR Board stocks).
In the next step, the Shanghai, Shenzhen and Hong Kong Stock Exchanges will actively promote the completion of relevant market preparations.
It is expected that the stocks of the above-mentioned biotechnology companies will be included in the scope of Southbound Stock Connect stocks one month after the announcement.
Biotechnology companies that do not have the "B" logo at the end of their share names and are already Southbound stocks at the time of the announcement will not be affected.
In the future, the Shanghai, Shenzhen and Hong Kong exchanges will continue to work closely together, continue to optimize the interconnection mechanism, and promote the coordinated, stable and healthy development of the capital markets of the two places.
Hong Kong Stock Exchange Interconnect Biotechnology Company