The Stock Exchange of Hong Kong (SEHK), the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE) have reached consensus on the criteria for Hong Kong listed companies with weighted voting rights (WVR) to be included for the first time in Southbound Trading of Stock Connect.
In preparation for the inclusion of WVR companies in Southbound Trading of Stock Connect, SSE and SZSE have today made proposals for corresponding changes to their business rules and are seeking market comments on these from today. Details of these proposed changes can be found at the webpage of SSE and SZSE (available in Chinese only). Following consultation and regulatory approval, the two Mainland exchanges will amend and issue their updated rules.
This is the latest commitment by all three exchanges to continue to enhance the mutual market access programme between Mainland China and Hong Kong, helping ensure the continued healthy development of the Mainland and Hong Kong capital markets.
Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets. HKEX is the world’s leading IPO market and as Hong Kong’s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.
HKEX is also the global leader in metals trading, through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited. This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange, in China, in 2018.
HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.