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Hong Kong and Shenzhen exchange operators join hands to promote Greater Bay Area as economic powerhouse, green finance hub
- The interconnection and integration of capital markets in Shenzhen and Hong Kong have ‘brought endless vitality for both places and provided investors with rare opportunities’, Shenzhen exchange CEO says
- The priority will be improving the Stock Connect scheme between the two cities
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The stock market operators in Hong Kong and Shenzhen have joined hands to develop infrastructure, services and cross-border supervision to support the development of the Greater Bay Area as an economic powerhouse, innovation hub and centre for green finance.
“Hong Kong is an international financial centre of global attention and Shenzhen is a vibrant hotbed of innovation and entrepreneurship,” Sha Yan, CEO and president of Shenzhen Stock Exchange, said during an online conference held jointly with Hong Kong Exchanges and Clearing (HKEX) on Tuesday.
“The interconnection and integration of the capital markets in Shenzhen and Hong Kong have brought endless vitality for both places and provided investors with rare opportunities.”
The conference is the second joint promotional event organised this year, and came after HKEX and the Shenzhen exchange signed a supplementary agreement on market development, staff exchange and cross-border cooperation.
A few plans were afoot, Sha said, with the priority being improving the Stock Connect scheme between the two cities. HKEX and the Shenzhen exchange introduced this mechanism in 2016, two years after a similar scheme was launched between bourses in Hong Kong and Shanghai.
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