Original title: Burst!The expansion of the Shanghai-Shenzhen Stock Connect standard will include 12 shares, and these rules will also be changed.
Summary
[The 12 stocks subject to the expansion of the Shanghai and Shenzhen Stock Connect will be included in these rules. There are also changes to these rules]Hong Kong institutional professional investors participating in the sci-tech innovation board stock trading must meet the requirements of relevant Hong Kong rules; risk warning stocks (ST shares And *ST shares), A+H-share listed companies that have delisted their stocks or suspended their listings are not included in Southbound Stock Connect. (Securities Times)
Participating in Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock ConnectinvestmentPeople need to be aware that the rules have changed!
On the 22nd, the Shanghai and Shenzhen Stock Exchange revised the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect business implementation measures. Specifically, the amendments have the following points:
1. Participation of professional investors from Hong Kong institutionsScience and Technology Innovation BoardStock trading needs to comply with relevant Hong Kong rules and regulations;
2. Risk warning stocks (ST shares and *ST shares) on the Shanghai and Shenzhen Stock Exchanges, delisting stocks, orSuspension of listingA+H stock listingthe companyNot includedSouthbound trading；
3. In addition, since February 1, it belongs to the SSE 180 and 380 IndexesConstituent stocksAnd A+H share companies’ A-share sci-tech innovation board stocks are officially includedShanghai Stock ConnectStock scope: H shares of A+H share companies listed on the Science and Technology Innovation Board and H shares of A+H share companies listed on the Shenzhen Stock Exchange are officially included in the scope of Southbound Stock Connect stocks.
Eligible Hong Kong professionalcorporate investorTo participate in the science and technology innovation board stock trading
From February 1st, some eligible sci-tech innovation board stocks will soon join the Shanghai Stock Connect, and Hong Kong investors will be able to participate in the trading of related stocks.
According to the previous consensus reached by the Shanghai, Shenzhen and Hong Kong Stock Exchanges, taking into account the investor suitability management arrangements implemented by the Sci-tech Innovation Board, participation in the Sci-Tech Innovation Board stock trading through Shanghai Stock Connect is currently limited to institutional investors, and one condition must be met. Meet the requirements of relevant Hong Kong rules.
The Times found from the official website of the Hong Kong Stock Exchange that the Hong Kong Stock Exchange will be held on January 30 (on Saturday) Arrange for testing before the rule is launched.
The Shanghai Stock Exchange stated that the Sci-tech Innovation Board has become China’s capitalmarketimportant parts of.The inclusion of sci-tech innovation board stocks in the scope of Shanghai-Hong Kong Stock Connect is an important measure for China’s capital market to open up to the outside world.Overseas InvestmentProviding more abundant investment targets will also introduce more foreign institutional investors to the Sci-tech Innovation Board, further improve the investor structure of my country’s capital market, and enhance the degree of internationalization.In the next step, the Shanghai Stock Exchange will continue to optimize and improve interconnectivitymechanism, Continue to attract foreign investment to participate in the A-share market, and promote the high-level two-way opening of my country’s capital market.
These stocks are not included in Southbound Trading
According to the amendment, the following stocks on the Shanghai and Shenzhen Stock Exchanges will not be included in Southbound Stock Connect:
(1) The listed A shares are risk warning stocks (ST shares and *ST shares), delisted stocks, or corresponding H shares of A+H stock listed companies that have suspended their listing;
(2) Outside the Hong Kong dollar of the Stock ExchangecurrencyQuoted stocks;
(3) Other identified other circumstances.
Taking the Shenzhen Stock Exchange as an example, the specific amendment clauses are as follows:
12 Sci-tech Innovation Board stocks will be included in Shanghai Stock Connect on February 1
At the same time, starting from February 1, SSE 180, SSE 380 index constituent stocks and A+H shares of companies’ A shares will be officially included in the scope of Shanghai Stock Connect; H-shares and H-shares of A+H-share companies listed on the Shenzhen Stock Exchange are officially included in the scope of southbound trading.
According to the Hong Kong Stock Exchangeannouncement, The aforementioned science and technology board stocksShare12 pieces.
This year, the southward funds break 230 billion yuan
Since the beginning of this year, both northward and southward funds have been realizedNet inflow.However, from the perspective of capital scale, the net inflow of capital to the south is much larger thanNorthward capitalThe scale.
Statistics show that since this year, as of January 22, the cumulative net inflow of funds from the North China has been 46.694 billion yuan, of which the net inflow of Shanghai Stock Connect is 16.169 billion yuan.Shenzhen Stock ConnectThe net inflow was 30.525 billion yuan.
In terms of southward funds, since this year, as of January 22, the cumulative net inflow of southward funds has reached 231.211 billion Hong Kong dollars, of which, this week’s single-week net inflow was 95.481 billion Hong Kong dollars.
Soochow SecuritiesSaid that since January this year, the enthusiasm of Hong Kong stock trading has been high, the HSI has outperformed the Shanghai Composite Index by a large margin, and the A-share market style has also been adjusted, and the value style is superior to the growth style. In addition, the sharp rise of Hong Kong stocks has a mapping effect on the A-share industry, and the rise of the Hong Kong stocks industry tends to drive the A-share related industries upward. Among them, industries with strong linkage include: home appliances, electronics,bankReal estate, chemicals, etc., these industries have performed well in the Hong Kong stock market recently.
China Merchants BankThe research institute believes that Hong Kong stocks have obvious valuation advantages and high cost performance.In the past two years,Game, Local social events, the new crown epidemic and other disturbances, the HSI has maintained its historical average valuation level. In the same period, the valuation of other major global stock indexes has risen to its historical high level. The HSI valuation has a comparative advantage. At the same time, after a continuous structural increase in the market, the valuation of some industries is at the highest quantile in history. From the premium of A shares and H shares, the premium of AH was as high as 50%, a record high in the past decade. Mainland funds are eager to find assets with reasonable valuation and high cost performance, which highlights the advantages of Hong Kong stocks.
Simultaneously,China Merchants BankThe research institute also stated that high-quality assets are attractive to mainland funds: in addition to mainland financial and real estate leaders that have been listed on Hong Kong stocks for many years, various types ofthe Internet, New economy,New retailHigh-quality stocks in other directions have also continued to be listed on Hong Kong stocks, including the high-quality China that has returned from US stocksConcept stockAs a result, Hong Kong stocks have concentrated on a number of high-quality companies that are not listed on A-shares, which are irreplaceable and scarce to a certain extent, and are increasingly attractive to mainland funds.
(Source: Securities Times Net)
(Editor in charge: DF142)
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