HKSAR Government welcomes official launch of Shenzhen-Hong Kong Stock Connect
The China Securities Regulatory Commission and the Securities and Futures Commission of Hong Kong issued a joint announcement today (November 25), announcing their approval of the official launch of the Shenzhen-Hong Kong Stock Connect on December 5. The Hong Kong Special Administrative Region Government welcomed the announcement.
The Shenzhen-Hong Kong Stock Connect is a mutually beneficial collaboration project. Following the successful implementation of the Shanghai-Hong Kong Stock Connect, the launch of the Shenzhen-Hong Kong Stock Connect will help further promote the opening up of the Mainland's capital markets as well as the internationalisation of Renminbi (RMB). It will also reinforce Hong Kong's position as an international financial centre and a premier offshore RMB hub.
The Financial Secretary, Mr John C Tsang, said, "I am grateful to the relevant Central Authorities for their staunch support for the Shenzhen-Hong Kong Stock Connect. The relevant regulatory authorities of the two sides as well as exchanges and clearing companies of Hong Kong and Shenzhen have carried out tremendous preparatory work, and I would like to thank all relevant colleagues for their efforts. The Shenzhen-Hong Kong Stock Connect will be implemented very soon. We will closely monitor its implementation so that it will contribute to the economic and financial reforms of our country and reinforce Hong Kong's position as an international financial centre."
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