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

Second stock connect draft plan released

By Cai Xiao in Beijing and Lin Wenjie in Hong Kong (China Daily) Updated: 2016-08-27 08:17

Second stock connect draft plan released

Premier Li Keqiang said in March that the central government will seek to launch the Shenzhen-Hong Kong Stock Connect this year.[Photo/IC]

China's securities regulator released a draft on Friday detailing the expansion of an initiative that further opens the A-share stock market to investors.

The draft revises the regulations for the Shanghai-Hong Kong Stock Connect, expanding their range to include the Shenzhen-Hong Kong Stock Connect.

The China Securities Regulatory Commission has invited the public to comment on the draft until September 25.

"The launch of Shenzhen-Hong Kong Stock Connect can be good for mainland and Hong Kong markets. It in turn will help the opening-up of China's capital market," said Hong Hao, chief strategist at BOCOM International Holdings Co.

On Aug 16, the State Council approved a long-awaited plan to connect a second mainland stock exchange with Hong Kong's, further opening-up the A share market. Premier Li Keqiang said that stock connect is expected to open this year.

The Shenzhen-Hong Kong Stock Connect, which allows mainland investors to buy Hong Kong stocks and vice versa, had been expected for more than a year following a similar program between Shanghai and Hong Kong in 2014.

Zhang Xiaojun, a spokesman for the China Securities Regulatory Commission, said on Friday that main changes in the draft regulations include the range of application and confirming investors' more flexible currency exchange procedures.

"The CSRC's amendment concerning the currency exchange mechanism is good for investors, because the risks of the exchange rate can be relieved," said Banny Lam Chiu-kei, managing director at CEB International Investment Corp.

Lam said some investors already hold Hong Kong and US dollars, so they don't want to convert yuan while the RMB is falling. In the future, there's a possibility that investors could use Hong Kong dollars, US dollars and yuan to trade with brokers for Hong Kong stocks.

The launch of the Shenzhen-Hong Kong Stock Connect will not affect trading in the Shanghai-Hong Kong Stock Connect, Lam said, as the two markets focus on different kinds of companies. The Shanghai market comprises mostly large cap stock companies, such as large banks, while the Shenzhen market are mostly high-tech companies.

The Shanghai Composite Index added less than 0.1 percent to close at 3,070.3 on Friday. The Shenzhen Component Index rose by 0.14 percent, while the ChiNext startup index climbed by 0.42 percent. The Hang Seng Index climbed 0.4 percent, paring a weekly decline.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚欧色| 亚洲精品成人一区二区www | 中文字幕色站 | 最近韩国日本免费免费版 | 永久免费不卡在线观看黄网站 | 亚洲欧美日韩久久精品第一区 | 国产精品久久毛片 | 亚洲欧美专区精品久久 | 在线播放一区二区三区 | 老司机一级片 | 精品久久一区 | 欧美18毛片免费看 | 国产微拍精品福利视频 | 欧美日韩精品一区二区三区高清视频 | 亚洲 欧美 日韩 在线 中文字幕 | 精品国产品欧美日产在线 | 欧美一级毛片100部 欧美一级毛片aaaaa | 国产亚洲精品线观看77 | 91进入蜜桃臀在线播放 | 免费一级毛片正在播放 | 国模肉肉人体大尺度啪啪 | 456亚洲视频| 色在线网站免费观看 | 日本免费a级片 | 香港三级网站 | 欧美国产伦久久久久 | 国产小呦| 亚洲一区二区三区免费看 | 精品国产精品久久一区免费式 | 啪啪一级片 | 美女脱了内裤张开腿让男人桶网站 | 加勒比在线视频 | 日韩精品一区二三区中文 | 青青爽国产手机在线观看免费 | 波多野结衣一区二区在线 | 另类专区国产在线视频 | 手机看a | 99久久精品久久久久久清纯 | 欧美一区二区三区视频在线观看 | 免费在线观看a级片 | 亚洲国产精品一区二区三区在线观看 |