Research Department 17 August, 2016 Shirley Gu 古乔艺 Gary Ching 程嘉伟 Grace Liu 刘谷 (86755) 2397 6718 (852) 2509 2665 (852) 2509 7516
[email protected] [email protected] [email protected] Comments on SZ-HK Connect: Another Milestone for MMA 深港通评论:互联互通的又一里程碑事件 Regulators announced Shenzhen-Hong Kong Stock Connect (SZ-HK Connect) Scheme. Chinese Premier Li Keqiang announced that the Shenzhen-Hong Kong Stock Connect plan had been approved by the Chinese government on 16 August 2016. On the same day, China Securities Regulatory Commission (CSRC) and Hong Kong’s Securities and Futures Commission (SFC) made a joint statement regarding the establishment of mutual market access (MMA) between Shenzhen and Hong Kong. The existing aggregate quota under the SH-HK Connect has been removed with immediate effect. According to the joint statement, the official launch of SZ-HK Connect is expected to be in 4 months time. Further details are as follows: 监管部门宣布深港通。中国国务院总理李克强在 8 月 16 日宣布,《深港通实施方案》已或得国务院批准。同日,中国 证监会及香港证监会联合发表关于建立深圳和香港互联互通的公告。即日起沪港通总额度取消,根据联合公告,深港 通正式推出时间预期由即日起计约 4 个月。其他细节如下: Details Shenzhen Southbound - All Hang Seng Composite LargeCap Index and Hang Seng Composite MidCap Index constituents. Connect - Any Hang Seng Composite SmallCap Index constituents with a market capitalisation of HK$5 billion or above - All SEHK-listed A+H shares - Daily Northbound quota: RMB10.5 billion - The investment quota may be adjusted by the parties in light of actual operational performance Shenzhen Northbound - All SZSE Component Index and SZSE Small/MidCap