Hong Kong Exchange Commemorates 10th Anniversary of 2-Way Capital Flows Mutual Access Program Stock Connect Between Mainland China & the World via Hong Kong, Hosted First HKEX Connect Summit, Shanghai-Hong Kong Stock Connect Launched on 17th November 2014 & Shenzhen-Hong Kong Stock Connect Launched on 5 December 2016, Northbound Average Daily Turnover Reached $156 Billion (RMB 136.3 Billion) & Southbound Reached $56 Billion (HKD 43.9 Billion) in 1st 10 Months of 2024, Mainland China Investors Held $424 Billion (HKD 3.3 Trillion) Securities Portfolios in Hong Kong, Bond Connect Launched in 2017, ETF Connect Launched in 2022, Swap Connect Launched in 2023
26th November 2024 | Hong Kong
The Hong Kong Exchange (HKEX) commemorated the 10th anniversary of 2-way capital flows mutual access program Stock Connect between Mainland China & the world via Hong Kong, hosting the first HKEX Connect Summit (18/11/24). The Shanghai-Hong Kong Stock Connect was launched on 17th November 2014 and Shenzhen-Hong Kong Stock Connect launched on 5 December 2016. Northbound average daily turnover had reached $156 billion (RMB 136.3 billion), and Southbound reached $56 billion (HKD 43.9 billion) in the 1st 10 months of 2024. In 2024 September, Mainland China investors held $424 billion (HKD 3.3 trillion) securities portfolios in Hong Kong. The Bond Connect was launched in 2017, ETF Connect was launched in 2022, and Swap Connect was launched in 2023. HKEX (18/11/24): “Hong Kong Exchanges and Clearing Limited (HKEX) today (Monday) welcomed over 400 distinguished guests at HKEX Connect Hall to commemorate the 10th anniversary of Connect, the landmark mutual access programme that has transformed the region’s financial markets and facilitated two-way capital flows between Mainland China and the world. At the first-ever HKEX Connect Summit, HKEX Chairman Carlson Tong and Chief Executive Officer Bonnie Y Chan hosted a celebration ceremony alongside guests of honour that included Acting Hong Kong Chief Executive Eric Chan, Financial Secretary Paul Chan, China Securities Regulatory Commission Vice Chairman Li Ming, the Director-General of the Economic Affairs Department of the Liaison Office of the Central People’s Government in the HKSAR Xu Weigang, Deputy Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the PRC in the HKSAR Li Yongsheng, Securities and Futures Commission Chairman Kelvin Wong, Hong Kong Monetary Authority Chief Executive Eddie Yue, Shanghai Stock Exchange President Cai Jianchun, Shenzhen Stock Exchange President Li Jizun, and China Securities Depository and Clearing Corporation Chairman Yu Wenqiang. The event was also attended by other officials, regulators and distinguished guests from the financial community in Hong Kong and Mainland China. These individuals played a crucial role in driving the success of the programme, which began in 2014 with Stock Connect, a trading link between HKEX and the Shanghai Stock Exchange (SSE) that was expanded two years later to also include the Shenzhen Stock Exchange (SZSE). This initiative kickstarted a decade of market connectivity, cementing Hong Kong’s role as a global superconnector. Since the launch of Shanghai-Hong Kong Stock Connect on 17 November 2014, and Shenzhen-Hong Kong Stock Connect on 5 December 2016, total Stock Connect turnover has continued to hit new records, with strong participation from both Mainland and international investors. Northbound and Southbound Stock Connect average daily turnover (ADT) reached RMB136.3 billion and HK$43.9 billion respectively in the first 10 months of 2024, accounting for 7.3 per cent and 17.2 per cent of the total turnover of the Mainland China and Hong Kong markets. As of September 2024, the market capitalisation of securities portfolios held in Hong Kong by Mainland Chinese investors through Stock Connect was over HK$3.3 trillion, more than 200 times that at the end of 2014. As Stock Connect enlarged its scope and benefited from significant enhancements to its infrastructure, the Connect programme also expanded into other asset classes, with the launch of Bond Connect in 2017, ETF Connect in 2022, and Swap Connect in 2023. More enhancements are underway, including block trading for Stock Connect, the inclusion of Real Estate Investment Trusts (REITs) to Connect, and RMB-denominated stocks in Southbound Connect, additions that will give international and Mainland investors even more opportunity and choice in allocating their investment portfolios. To learn more about HKEX’s Connect programmes, please read the newly-published paper, Ten Years of Connect.”
“ Hong Kong Exchange Commemorates 10th Anniversary of 2-Way Capital Flows Mutual Access Program Stock Connect Between Mainland China & the World via Hong Kong, Hosted First HKEX Connect Summit, Shanghai-Hong Kong Stock Connect Launched on 17th November 2014 & Shenzhen-Hong Kong Stock Connect Launched on 5 December 2016, Northbound Average Daily Turnover Reached $156 Billion (RMB 136.3 Billion) & Southbound Reached $56 Billion (HKD 43.9 Billion) in 1st 10 Months of 2024, Mainland China Investors Held $424 Billion (HKD 3.3 Trillion) Securities Portfolios in Hong Kong, Bond Connect Launched in 2017, ETF Connect Launched in 2022, Swap Connect Launched in 2023 “
HKEX Chairman, Carlson Tong: “Today we celebrate a milestone that marks a decade of collaboration between HKEX, Mainland exchanges, regulators, clearing houses, and market participants from around the globe. Over the past 10 years, our partnership has not only helped strengthen our market infrastructure, but also created new opportunities and facilitated a remarkable surge in two-way capital flows. I am honoured to have played an active role in the launch of the Connect programme back in 2014, and I look forward to the continued collaboration and innovation with our partners in the next 10 years and beyond.”
HKEX CEO, Bonnie Y Chan: “Over the past decade, the Connect programme has pioneered greater accessibility and provided unprecedented opportunities for international investors interested in the world’s second-largest economy, and for Mainland China investors seeking to diversify their portfolios through Hong Kong, fostering greater liquidity and diversity in our markets. It has evolved beyond equities to include bonds, ETFs and interest rate swaps. From these to the recent record volumes in turnover, the Connect story is much more than just an investment channel. It is a story of continuous breakthroughs, innovations and enhancements. The future holds immense potential, and we at HKEX are committed to working alongside our regulators, our partners and market participants, to take the Connect story to even greater heights.”
Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code: 388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.
Hong Kong Exchange Commemorates 10th Anniversary of 2-Way Capital Flows Mutual Access Program Stock Connect Between Mainland China & the World via Hong Kong, Hosted First HKEX Connect Summit, Shanghai-Hong Kong Stock Connect Launched on 17th November 2014 & Shenzhen-Hong Kong Stock Connect Launched on 5 December 2016, Northbound Average Daily Turnover Reached $156 Billion (RMB 136.3 Billion) & Southbound Reached $56 Billion (HKD 43.9 Billion) in 1st 10 Months of 2024, Mainland China Investors Held $424 Billion (HKD 3.3 Trillion) Securities Portfolios in Hong Kong, Bond Connect Launched in 2017, ETF Connect Launched in 2022, Swap Connect Launched in 2023
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