First Day of Shenzhen-HK Stock Connect Sees More Investments Moving Northward to Shenzhen
Yicai Global
/SOURCE : Yicai
First Day of Shenzhen-HK Stock Connect Sees More Investments Moving Northward to Shenzhen

(Yicai Global) Dec. 6 –The first day of Shenzhen-Hong Kong Stock Connect saw capital investments moving northward to the Chinese mainland for Shenzhen's tech stocks as shares worth almost CNY2.67 billion (USD388.8 million) traded on the Shenzhen side on its opening day yesterday.

The Shenzhen-Hong Kong Stock Connect had a very lively first trading day. A total of 464 company stocks were traded with a quota of CNY2.711 billion used, according to data released by the Shenzhen Stock Exchange based on the first day transactions on the Shenzhen side of the Connect.

On the Hong Kong side, the stocks worth HKD902 million (USD116.3 million) were purchased while 348 company stocks were traded with a quota of HKD850 million.

The Shenzhen-Hong Kong Stock Connect refers to a technical connection between the Shenzhen Stock Exchange and the Stock Exchange of Hong Kong Ltd., which allows investors of both Chinese mainland and Hong Kong to trade stocks listed in each other's exchange via local securities traders or brokers. The Connect was officially launched yesterday.

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