Shenzhen’s Wu Lijun connects with Hong Kong

Shenzhen Exchange despatches a delegation to Hong Kong to move the proposed Shenzhen-Hong Kong Stock Connect onward.

A team including Wu Lijun, chairman of Shenzhen Stock Exchange has visited Hong Kong, meeting with the Hong Kong Monetary Authority and Hong Kong’s Securities and Futures Commission.

The delegation exchanged ideas with Hong Kong Exchanges and Clearing and had a discussion with various Hong Kong market players.

One of the main reasons for the visit was to move forward with the proposed Shenzhen-Hong Kong Stock Connect.

The Shenzhen and Hong Kong exchanges agreed to keep the basic framework and model used with the Shanghai-Hong Kong Stock Connect” with market participants’ business and technical system architecture staying unchanged. They also intend to explore the multi-product potential within  both markets;

Both exchanges have completed the design for the programmes and begun the development of technical systems. Once approved by both regulators, they will organise business and technical preparation and commence implementation.