Hong Kong Stock Exchange (0388) announced today (3rd) that starting from March 13, the scope of Stock Connect stocks will be further expanded. At that time, the stocks of major foreign companies listed in Hong Kong that meet the relevant conditions will be included in the stock targets of Hong Kong Stock Connect; And the Shenzhen Stock Exchange also immediately announced the adjustment of the Hong Kong Stock Connect list.
Starting from the 13th of this month, residential houses in the mainland can buy companies listed in Hong Kong by Standard Chartered (2888) and Prudential (2378) through the Hong Kong Stock Connect in Shanghai and Shenzhen, and can also invest in Samsonite (01910), L’Occitane (00973), Foreign companies such as NagaWorld Holdings (03918) and Yanzhou Coal Australia (03668).
The Shanghai Stock Exchange announced that due to regular adjustments to the constituent stocks of the Hang Seng Composite Large Cap Index and Mid Cap Index, according to the "Shanghai Stock Exchange's Shanghai-Hong Kong Stock Connect Business Implementation Measures (Revised in 2022)", the current list of Hong Kong Stock Connect stocks is adjusted as follows:
The stock list includes the following 12 stocks: Standard Chartered, Prudential, Swire B (0087), Zhaojin Mining (1818), Brilliance (1114), Ocean Haichang Park (2255), Juzi Bio (2367), Hongjiu Fruit (6689) ﹑Star Chinese (6698), MINISO (9896), Satellite (9985) and New Oriental Online (1797).
However, three companies including Ausnutria (1717), Zhenro Real Estate (6158) and Yunmusic (9899) were excluded.
Standard Chartered was included in the Hong Kong Stock Connect list of the Shanghai and Shenzhen Stock Exchanges.
As for the Shenzhen Hong Kong Stock Connect stock list, 32 stocks were included, including Swire B, Sipai Health (0314), BOE (0710), L’Occitane (0973), Brilliance, 3D MEDICINES (1244), Shandong New Energy (1250), Cowell Electronics (1415), Xinte Energy (1799), Samsonite (1910), Shangmei (2145), Minimally Invasive Brain Science (2172), Xintai Medical (2291), Juzi Bio, Gao Vision Medical (2407), Standard Chartered, Logan (3380), Yancoal Australia (3668), Jinshan Cloud (3896), NagaWorld Holdings (3918), Feitian Yundong (6610), Meimei Vaccine (6660), Hong Jiu, Xingkong Huawen, Yeju Medical (6929), Boan Bio (6955), Ningmeng Film and Television (9857), Jianshi Technology (9877), Dingdang Health (9886), MINISO, Satellite, Zhiyun Health (9955).
Among them, Samsonite (01910), L'Occitane (00973), NagaCorp (03918) and Yancoal Australia (03668) are foreign companies; Rusal (486) and Prada (1913), which are expected by the market, are not on the list.
The announcement of the Shenzhen Stock Exchange mentioned that individual foreign companies may have special requirements different from the current Hong Kong Stock Connect stocks in terms of taxes, corporate behavior, etc., such as the need to pay financial transaction taxes to foreign governments and distribute dividends at different tax rates to investors.
Since the current market business and technical system cannot support the above special arrangements, such stocks of companies eligible to be included in the Hong Kong Stock Connect will be temporarily included in the expansion of the Shenzhen-Hong Kong Stock Connect bid, and all parties will continue to work hard to accelerate the relevant work.
Chow Sang Sang and other 20 stocks were removed from the Shenzhen Stock Connect list.
Another 20 shares were removed, namely Tianyu Real Estate (0059), Sun Hung Kai Company (0086), Chow Sang Sang (0116), K. Wah (0173), Shun Tak (0242), Café de Coral (0341), IGG (0799) ﹑ Times China (1233) ﹑ Everbright Green (1257) ﹑ Glory Sun Financial (1282) ﹑ Yuzhou (1628) ﹑ Ausnutria ﹑ New Higher Education (2001) ﹑ Kuaigou Taxi (2246) ﹑ Xiangsheng Holdings (2599) ﹑ Ronshine China (3301), Zhenro Real Estate, Yongtai Biologics (6978), Antengene (6996) and Yunmusic.
In addition, the scope of Shanghai Stock Connect and Shenzhen Stock Connect stocks will also be expanded to include constituent stocks of the Shanghai A-Share Index or the Shenzhen Composite Index that meet certain conditions.
Please refer to the website of Hong Kong Stock Exchange for the list of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect stocks after expansion.
Please refer to the websites of the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) for the list of Hong Kong Stock Connect stocks after expansion.
Ouguansheng: A milestone in continuous optimization of interconnection
Au Guansheng, Chief Executive Officer of HKEX Group, said: "The simultaneous expansion of the scope of northbound and southbound trading stocks in the Shanghai-Shenzhen-Hong Kong Stock Connect is good news for both markets and investors. This is the continuous development and optimization of our interconnection mechanism. It is another important milestone for the project, and it is also the result of our close cooperation and careful preparation with our mainland partners and the regulators of the two places. I sincerely thank all those who have worked hard for it.”
"This year is a year of major optimization of the interconnection. We will continue to work together with all parties in the market to further optimize and expand the interconnection mechanism, enhance the attractiveness of the Hong Kong and mainland markets, and connect China and the world. More good news for everyone this month.”
The Hong Kong Stock Exchange also pointed out that for more details on the expansion of the scope of stock interconnection stocks, please refer to the announcement issued by the Hong Kong Stock Exchange today and the announcements issued by the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
Shanghai Stock Exchange: 12 stocks such as Standard Chartered and Prudential will be included in the Shanghai-Hong Kong Stock Connect