www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Shenzhen, HK exchange link on track

By LIN JING/EMMA DAI (China Daily) Updated: 2014-08-27 08:43

A plan to link the stock exchanges in Shenzhen and Hong Kong is "underway", an official from Shenzhen said on Tuesday.

Shenzhen, HK exchange link on track
Shanghai-HK link set to boost arbitrage gains for investors
Shenzhen, HK exchange link on track
Through train for equities to lift capital market sentiment
"Shenzhen will further cooperate with Hong Kong in the financial industry, talent exchange and mutual fund recognition," said Xiao Zhijia, deputy director-general of Shenzhen's Office of Financial Development Service.

Xiao added that the authorities in the southern Chinese city will actively promote the launch of a "through train" stock trading system similar to what is being launched between Hong Kong and Shanghai.

So far, 12,000 enterprises have been established in Qianhai, the special economic area within Shenzhen that is intended to promote yuan liberalization and financial reforms. About 7,000 of these companies are in the financial sector, and 500 are from Hong Kong, Xiao said.

In the first half, Shenzhen's GDP grew 8 percent.

Xiao said that Shenzhen has become a financial center and it will encourage more cooperation with Hong Kong in financial activities, including cross-border share trading.

Xiao did not say at what stage the program is, nor when it might be launched.

A research note from investment bank CLSA said that since the Hong Kong-Shanghai "through train" is scheduled to start in October, the expansion to the other domestic exchanges is just a matter of time.

"The next logical step is for the through train to expand to the other mainland exchanges ... The inclusion of the Shenzhen exchange is likely to come as early as 2015 if the pilot program does well. Shenzhen has more listed stocks and a higher turnover," the note said.

Francis Cheung, managing director of mainland-Hong Kong strategy at CLSA, said it is possible that a stock connect program could be established between Shenzhen and Hong Kong this year.

"As the People's Bank of China plans to open the capital account by 2020, to avoid a massive capital outflow, the authorities have to take a gradual approach, of which the Shanghai-Hong Kong Stock Connect is only a primary test.

"Apart from a Shenzhen-Hong Kong Stock Connect, the Chinese mainland could also open other markets including commodities. The linkages could also be extended to Singapore and New York," he said.

Raymond Yeung, an economist at The Australia and New Zealand Banking Group Ltd, said that the launch of the Shenzhen-Hong Kong Stock Connect will have a positive effect on both markets.

"It is only natural to launch a through train with Shenzhen and Hong Kong, as there are only two stock markets in the Chinese mainland," said Yeung.

He said the basic structure would be quite similar to the Shanghai-Hong Kong Stock Connect, but the scale and stock composition would be different because there are more small and medium-sized companies listed in Shenzhen.

Yeung said that the authorities may not rush to launch a second through train, as they will want to observe the official launch of the Shanghai-Hong Kong program and make any necessary adjustments.

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 日韩在线 | 中文 | 日本加勒比高清一本大道 | 亚洲国产精品看片在线观看 | 欧美一级α片毛片免费观看 | 国产乱子伦露脸对白在线小说 | 亚洲精品在线免费观看视频 | 99久久免费精品视频 | 狼人久久尹人香蕉尹人 | 亚洲成a人片在线观看中 | 欧美一级看片a免费观看 | 日本韩国台湾香港三级 | 国产精品久久久久久久免费 | 日韩精品视频一区二区三区 | 国产三级免费观看 | 草草影院免费 | 日本高清视频www夜色资源 | 亚洲一区免费在线观看 | 欧美视频在线一区二区三区 | 免费一级毛片在线观看 | 欧美色xxx| 国产原创视频在线 | 手机看片日韩日韩韩 | 国产精品自在线 | 欧美一区二区不卡视频 | 国产三级视频在线 | 久久久久久久久久久大尺度免费视频 | 在线日本看片免费人成视久网 | 亚洲人妖女同在线播放 | 精品国产日韩久久亚洲 | 黄色福利小视频 | 日韩一区二区三 | 成人性欧美丨区二区三区 | 日本韩国中文字幕 | 久久青草视频 | 日韩国产一区二区 | 日本 片 成人 在线 日本68xxxxxxxxx老师 | 亚洲精品视频在线 | 欧美一级成人 | 日韩精品麻豆 | 精品成人免费一区二区在线播放 | 欧美日韩日本国产 |