久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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: 欧美视频网站在线观看 | 99视频在线国产 | 伊人久久大香线焦综合四虎 | 一区二区在线看 | 欧美精品亚洲精品日韩一区 | 日韩精品在线免费观看 | 精品久久久久久久久久久 | 欧美在线观看不卡 | 欧美日韩精品一区二区在线线 | aaa毛片免费观看 | 亚州不卡 | 成人高清在线观看 | a毛片免费全部播放完整成 a毛片免费全部在线播放毛 | 国产91精品高清一区二区三区 | 一级作爱视频免费观看 | 国产高清在线精品一区二区 | 亚洲国产日韩在线 | 天堂中文资源在线8 | 成人国产精品久久久免费 | a级片免费在线播放 | 亚洲在线观看免费 | 欧美亚洲国产精品久久高清 | 亚洲m男在线中文字幕 | 欧美日韩精品一区二区三区视频在线 | 综合 91在线精品 | 国产综合成人久久大片91 | 毛片的网址 | 国产欧美日韩一区二区三区 | 日本美女黄网站 | 一级做a爰片久久毛片16 | 久草高清视频 | 性做久久久久免费观看 | 草草影院在线观看 | 在线毛片网站 | 波多结衣一区二区三区 | 免费一级欧美性大片 | 99视频有精品视频免费观看 | 欧美日韩综合网在线观看 | 91av国产在线| 久久久久久综合一区中文字幕 | 精品国产亚洲一区二区在线3d |