China Securities Regulatory Agency released five capital market cooperation measures, including supporting the leading companies in mainland China to go public in Hong Kong, optimizing the interconnection between the mainland and Hong Kong, and helping Hong Kong to enhance the status of international financial center.
The five capital markets announced on Friday (April 19) of China Securities Supervisory Propositions include: relaxation of the Fits of the Stock ETF Qualification Products of the Stock ETF under the Shanghai -Shenzhen -Hong Kong Stock Connect;The RMB stock trading counter is included in the Hong Kong Stock Connect; optimized fund mutual recognition arrangements; supporting the leading companies in the mainland industry to go public in Hong Kong.
The China Securities Regulatory Supervisor pointed out that these five measures aims to further expand and optimize the mechanism of Shanghai, Shenzhen, and Hong Kong, help Hong Kong consolidate and enhance the status of international financial centers, and jointly promote the coordinated development of the capital markets between the two places.
The China Securities Regulatory Supervisor did not explain the above five measures and the specific implementation timetable.Implementation smoothly.
The Sing Tao Daily reported that the most important thing in the above measures is the optimization of ETF.The mainland and Hong Kong ETFs were initially launched in July 2022. The products incorporated into the ETF -pass must meet certain requirements in the average daily asset size, the weight of the stock stocks, and the proportion of Shanghai and Shenzhen individual equity accommodation.
This expansion is optimized in the above three aspects.Among them, the daily average asset threshold of the south -direction transaction for nearly six months fell from 1.7 billion yuan (Hong Kong dollars, the same below, S $ 296 million) to 550 million yuan;The proportion of listed stock weights has never been less than 90%to not less than 60%; the proportion of stock weights of Hong Kong Stock Connect from the Hang Seng Index, Guoxi, and Birth Index is not less than 70%(other indexes are not less than 80%) Uniformly drop to 60%.
The Hong Kong Stock Exchange issued a notice on Friday that the above measures are expected to be prepared for three months.
Chen Maobo, director of the Hong Kong Finance Department, said that the state supports the mainland industry leading enterprises to go public in Hong Kong, which is beneficial to the Hong Kong new stock market and allows more long -term development and reward potential companies to be listed in Hong Kong, driving the development of the secondary market.
He said that Hong Kong will exempt the real estate investment letter funds as soon as possible to transfer stamp duty, extend the open -end fund company and real estate investment letter fund funding plan, optimize collective investment plan and real estate investment letter fundsManagement systems, etc., at the same time increase investment promotion and open up new sources of funds.
Some people in the financial industry described. This is the actual action of the central government to boost the Hong Kong financial market. It is expected that mainland leading companies will submit a listing application for Hong Kong.The market may usher in Xiaoyangchun.
Bloomberg reported that when overseas financing costs rising, market turbulence, and Sino -US relations tension, last year, mainland China companies' first public issuance (IPO) in Hong Kong fell sharply.Tightening has also hindered that mainland companies go public in Hong Kong.
