Shenzhen Stock Exchange welcomes HK-listed stocks to Stock Connect

The Shenzhen Stock Exchange will list primary securities listed on the Hong Kong Stock Exchange that meet the necessary requirements on the Southbound Stock Connect, a spokesman said.

Companies such as Chinese video platform Bilibili, tech conglomerate Alibaba and fast-food restaurant Yum China have applied for primary listing status in Hong Kong this year, paving the way for the Stock Connect application.

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The Stock Connect is a cross-border investment channel connecting the Shanghai, Shenzhen and Hong Kong Stock Exchanges. The system helps investors in one market to trade shares in others.

Taking Bilibili as an example, after its conversion to a primary listing on Oct. 3, the company’s securities can be added to the Southbound Trading Scheme if it meets the listing conditions after the screening process, the spokesperson said.

Going forward, the Shenzhen Stock Exchange will pay close attention to changes in the listing status of Hong Kong-listed companies, make Southbound Stock Connect listings for eligible stocks, in order to meet the investors’ needs, and will tirelessly promote high-level two-way opening of the capital market, the spokesman added.

Article republished from the Chinese state media CGTN within the framework of an agreement between both parties to share content. Link to original article:https://news.cgtn.com/news/2022-10-08/Shenzhen-bourse-welcomes-eligible-HK-listed-shares-to-Stock-Connect-1dY0ykMXUFa/index.html