Shenzhen-Hong Kong Stock Connect is the cooperation between the Hong Kong and Shenzhen Stock Exchanges; Stock Connect allows international and Mainland Chinese investors to trade securities in each other's markets through the trading and clearing facilities of their home exchange.
In 2016, December, 5th, Shenzhen-Hong Kong Stock Connect has successfully launched. Charles Li, CEO of Hong Kong Stock Exchange Centre, said this program is the step two of the stock connection development. It has shown that the Mainland Chinese capital market is now becoming legalization, marketization and internationalization, it is very meaningful.
Li Keqiang, Premier of the People's Republic of China, mentioned that it’s the right time to start Shenzhen-Hong Kong Stock Connect, since the start of the Shanghai-Hong Kong Stock Connect, there are many positive feedbacks on the public and it has also met the set target. He believes that the connection program allows investors from both Hong Kong and mainland China to share the economic development progress and to further improve the cooperation between Hong Kong and Shenzhen, also strengthen the positive of Hong Kong being the International Financial Centre, as well as enhance the financial collaboration between Hong Kong and Mainland China. He lastly mentioned that the economic reform is very important to the development of China, and the sharing the capital market helps to improve the competitiveness of the Chinese financial and service industry.

Shenzhen-Hong Kong Stock Connect allows investors to share the economic development progress of Hong Kong and Shenzhen, further expand the revenue of Hong Kong and Shenzhen Stock market, in order to fulfill the need of investors. Secondly, it helps improve the structure of the Mainland Chinese capital market, by referencing from Hong Kong experience in order to attract more long term capital to invest in China. Thirdly, the cooperation between Hong Kong and Shenzhen can enhance the location advantage and boost the economic development of these two cities. Lastly, the connection can strengthen Hong Kong being the global financial Centre, and help Renminbi to be recognize internationally.

The system of Shenzhen-Hong Kong Stock Connect has referenced from Shanghai-Hong Kong Stock Connect, there are five main points, first, all trade activities have to be regulate by the trade location regulations. Second, the settlements adopt direct cross-border settlement methods, which are mutual settlement participants of each other. Third, the investment is only limit to the stocks that been agree to trade between two stock exchange Centres. Forth, instantly monitor the revenue limit between the two cities, both regulatory agencies can adjust the limit according to the situation. Fifth, Hong Kong Stock Connect investors are limited to individual investors with institutional investors and securities accounts and the account balances cannot be less than 500,000 dollars in total,

Shenzhen stock connect are only limited to that worth more than 6 billion rmb and in the SZSE Component Index companies, small and medium enterprise innovation index and A+H stocks that listed in SZSE. SZSE focus on companies that are in the thriving industry compared with Shanghai Stock Exchange Centre. 

Shenzhen-Hong Kong Stock Connect consists stocks that is in the Hang Seng Composite Large-Cap Index, constituents of the Hang Seng Composite Mid-Cap Index, constituents of the Hang Seng Composite Small Cap Index with a market capitalization of HK$5 billion and above and A+H stocks that listed in HKEx and SSE.

Different from Shanghai Hong Kong connect, it consists the Hang Seng Composite Large-Cap Index, constituents of the Hang Seng Composite Mid-Cap Index, and A+H stocks that listed in both HKEx and SSE. 

Shenzhen-Hong Kong Stock Connect reference based on Shanghai Hong Kong connection, stocks that are in Hang Seng Composite Small Cap Index with a market capitalisation of HK$5 billion or above and A+H stocks that listed in SZSE. The revenue limited in 10.5 billion RMB by both SZSE and SSE.

As a member of the Hong Kong Securities and Future Commission Public register of registered institutions, CNI has the advantage on rich experience on investment and familiar with economic development in China. We will fully cooperate with the needs of the market to help our customers achieve high return.

STOCK CONNECT (NORTHBOUND)
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