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HKEX is pleased to announce today it has reached an agreement with Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) to expand the scope of eligible exchange-traded funds (ETFs) under Stock Connect.
The eligibility criteria for ETFs for both Northbound and Southbound trading, including the assets under management requirement and the index weighting requirements, will be relaxed to support the continued development of the mutual market access programme. This expansion will further enrich investment options and enable Stock Connect investors to allocate assets in both Hong Kong and China markets in an efficient and cost-effective way. Further details of the expansion can be found in the circular published by HKEX today.
The three exchanges will work closely on the business and technical preparations for the expansion, which is expected to take effect approximately three months from the date of this announcement.
As the connector between China and the world, HKEX is committed to working closely with the regulators and the Mainland exchanges to further enhance the pioneering Connect programmes, supporting the long-term sustainable development of the Hong Kong and Mainland capital markets.
We warmly welcome the initiatives announced today by the China Securities Regulatory Commission that support the continued development of Hong Kong’s capital markets. These measures will bring more choice to international and Mainland investors, and attract more liquidity to our markets, further enhancing the competitiveness of Hong Kong as a leading global financial centre. We look forward to continue working closely with our Mainland partners and regulators to prepare for the launch of these initiatives.
The new measures include the expansion of eligible ETFs in the Connect programme. This latest enhancement to our landmark mutual market access programme, which celebrates its 10th anniversary this year, reflects HKEX’s ongoing commitment to broaden the Connect product ecosystem for our global investors. Since ETFs were added to Stock Connect in 2022, volumes for both Northbound and Southbound ETF trading have grown exponentially, and we believe this enhancement will add even more vibrancy to our liquid markets.
Bonnie Y Chan
HKEX Chief Executive Officer
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