Shenzen-Hong Kong stock connection in the works

Global Business

A new trade link-up between the Hong Kong and Shanghai stock exchanges has been running for six weeks now without any problems, leading to speculation that a similar Hong Kong-Shengzhen system will also be successful. CCTV’s Cathy Yang reported this story from Hong Kong. 

The Shanghai-Hong Kong Stock Connect program has led to brisk business at First Shanghai Financial Holding since it started in November. Shanghai-listed trades made through this brokerage account for up to 30 percent of their daily volumes.

Shenzen-Hong Kong stock connection talks

A new trade link-up between the Hong Kong and Shanghai stock exchanges has been running for six weeks now without any problems, leading to speculation that a similar Hong Kong-Shengzhen system will also be successful. CCTV's Cathy Yang reported this story from Hong Kong.

“We are quite happy. We have no technical issues,” Elliot Li, director of the First Shanghai Financial Holding said.

The system has reinforced plans for a similar link-up between the Hong Kong and Shenzhen stock exchanges that’s also likely to improve investor sentiment that was recently announced by Chinese Premier Li Keqiang.

“People can trade three markets. So the variety is big and they can just diversify their portfolio,” Li said.