The China Securities Regulatory Commission and the Securities & Futures Commission of Hong Kong issued a joint announcement today, announcing their approval of the official launch of the Shenzhen-Hong Kong Stock Connect on December 5.
The Hong Kong Special Administrative Region Government welcomed the announcement.
Financial Secretary John Tsang thanked the Central Government for its staunch support for Shenzhen-Hong Kong Stock Connect
“The regulatory authorities as well as exchanges and clearing companies of Hong Kong and Shenzhen have carried out tremendous preparatory work, and I would like to thank all colleagues for their efforts,” he said.
“Shenzhen-Hong Kong Stock Connect will be implemented very soon. We will closely monitor its implementation so it will contribute to the economic and financial reforms of our country and reinforce Hong Kong's position as an international financial centre."
Shenzhen-Hong Kong Stock Connect is a mutually beneficial collaboration project. It will help further promote the opening up of the Mainland's capital markets as well as the internationalisation of the renminbi.
It will also reinforce Hong Kong's position as an international financial centre and a premier offshore RMB hub.
