综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Shenzhen-HK bourse link approved

By Hu Yongqi and Duan Ting | China Daily Europe | Updated: 2016-08-21 14:27

The State Council has given the green light to a long-awaited plan to connect a second mainland stock exchange with Hong Kong's, further opening China's capital market.

"Preparation for the Shenzhen-Hong Kong Stock Connect has been completed, and the State Council has approved the implementation plan for the program," Premier Li Keqiang said at a State Council executive meeting on Aug 16.

The move follows the Shanghai-Hong Kong Stock Connect, adopted in 2014, which Li said has achieved the goals envisioned and earned positive feedback.

The addition of the Shenzhen Stock Exchange is a major step toward opening up the two mainland markets, according to financial analysts.

The approval also shows the central government's support for Hong Kong's economy, says Liu Jipeng, a senior researcher at the China University of Political Science and Law.

China's top securities regulator said in a statement on Aug 16 that the overall trading quota of 550 billion yuan ($83 billion; 73.5 billion euros) will be removed under both the Shanghai and Shenzhen stock trading links with Hong Kong. The daily trading quota will remain, it said.

Charles Li, chief executive of Hong Kong Exchanges and Clearing Ltd, says the move underscores regulators' confidence in the trading links, and the scrapping of the investment quota will help enlarge transaction volume.

The connection of the three exchanges will help more domestic and international investors use the Hong Kong market, and in turn help China's opening-up of its whole capital market, says Li Quan, CEO of Guoking (HK) Securities and Futures.

At the State Council meeting, Premier Li said: "Initiating the Shenzhen-Hong Kong Stock Connect, based on the successful pilot program of the Shanghai-Hong Kong connection, marks another steady step toward building a law-regulated capital market with international features, and renders positive significance in many areas."

The premier also said the launch of the new connection will help investors to better share the fruits of economic development on the Chinese mainland. In Hong Kong, it will help deepen the financial cooperation between them, and consolidate and boost Hong Kong's position as an international financial center, he said.

The new link is modeled after the Shanghai-Hong Kong connect, through which mainland investors can buy Hong Kong stocks, and vice versa.

The trade volume of the Shenzhen Stock Exchange reached 401 billion yuan on Aug 16, making the overall volume of the mainland's stock market more than 800 billion yuan.

The connect is expected to be launched before late December, according to Charles Li of Hong Kong Exchange and Clearing.

Cai Xiao contributed to this story.

Contact the writers at huyongqi@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
类乌齐县| 福泉市| 岑溪市| 长宁区| 瑞金市| 石河子市| 新宁县| 西华县| 定远县| 全南县| 蒙城县| 抚松县| 嘉鱼县| 天津市| 岳西县| 瑞安市| 大方县| 潜江市| 沁阳市| 清水河县| 栾城县| 丹巴县| 宁明县| 滦南县| 运城市| 抚松县| 马山县| 马尔康县| 玛纳斯县| 晋州市| 阿克苏市| 承德县| 岑巩县| 中山市| 南召县| 藁城市| 保德县| 赤峰市| 香港| 朔州市| 定兴县|