Onebillionyuan(US$148million)inbondsunderwrittenbyChinaDevelopmentBankforMalayanBankingBerhad(MayBank)throughChina’sBondConnectprogramwasissuedintheinterbankbon
Charles Li Xiaojia, CEO of Hong Kong Stock Exchange, repeatedly expected that expansion of the Southbound Trading of Shanghai-Hong Kong Stock Connect program. As the total quota of the Southbound trading is going to run out, there is increasing expectation on the launch of SZ-HK Stock Connect.
The gong simultaneously sounded in Shanghai Stock Exchange (SSE) and Hong Kong Exchanges and Clearing Limited (HKEx) on Nov. 17 last year declared the official launch of Shanghai-Hong Kong Stock Connect that links the capital markets of the Chinese mainland and the world. Since then, direct investment access to the stock markets in Shanghai and Hong Kong is available. The stock market of the Chinese mainland is directly open to global capital for the first time, while investors from the Chinese mainland also start their way of global asset allocation.
Shanghai-Hong Kong Stock Connect has operated steadily since its launch a year ago, despite the crisis in the mainland's stock market last summer.
Hong Kong Exchanges and Clearing Limited (HKEx) said Wednesday that it has not yet reached any agreement on the establishment of the Shenzhen-HK Stock Connect.