HKEx - Hong Kong Exchanges and Clearing Ltd.

04/19/2024 | Press release | Distributed by Public on 04/19/2024 04:57

HKEX Reaches Agreement with SSE and SZSE to Expand Scope of Eligible ETFs under Stock Connect

Mutual Market
Market Operations
19 Apr 2024

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Friday) it has reached an agreement with Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE)to expand the scope ofeligible 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 enableStock Connect investors to allocate assets in both Hong Kong and Mainland China marketsin an efficient and cost-effective way. Furtherdetailsof the expansion can be found inthe circularpublished by HKEXtoday.

The three exchanges willwork closely on the business and technical preparationsfor the expansion, which isexpected to take effect approximatelythree months from the date of this announcement.

As the connector between China and the world, HKEX is committed to workingclosely with the regulators and the Mainland China exchanges to further enhance the pioneering Connect programmes, supporting the long-term sustainable development of the Hong Kong and Mainland capital markets.

About HKEX

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.

www.hkexgroup.com

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