HKMA welcomes launch of Shenzhen-Hong Kong Stock Connect
The Hong Kong Monetary Authority (HKMA) welcomes today's announcement of the launch of Shenzhen-Hong Kong Stock Connect on December 5.
The Chief Executive of the HKMA, Mr Norman Chan, said, "As the second channel for mutual access to stock markets of Mainland China and Hong Kong, the Shenzhen-Hong Kong Stock Connect is an important initiative to enhance Hong Kong's position as an international financial centre. The HKMA has recently appointed two additional Primary Liquidity Providers and introduced measures to enhance the transparency of the renminbi (RMB) market liquidity. I believe this will further strengthen Hong Kong's role as the global hub for offshore RMB business in support of RMB internationalisation."
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