The Shenzhen and Shanghai Stock Exchanges have said that they will try to deepen communication links and improve cooperation.
The chairman of the Shenzhen Stock Exchange Wu Lijun and a delegation recently visited her counterparts in the Shanghai Exchange.
They agreed, inter alia, to implement reforms, to undertake market organisation and self-regulatory functions.
There are 1600 stocks listed in Shenzhen, compared to 1000 in Shanghai.
Despite having trading volumes that rank the market alongside its northern counterpart, the Shenzhen Stock Exchange has not been included in the Stock Connect that now links Hong Kong and Shanghai. To date, there have been no indications that despite the city’s geographical proximity to Hong Kong, there will be any future inclusion of Shenzhen’s stocks into this type of scheme, whether from the main SZSE Component Index or the NASDAQ-style ChiNext market.