On November 17, 2024, we celebrate the 10th anniversary of the Shanghai-Hong Kong Stock Connect, a program that has changed how the world trades with China. When it started in 2014, it opened up China’s stock market to international investors like never before.
Before the Stock Connect, investing in Chinese stocks was tough for people outside China. The program made it easier by allowing investors to buy shares listed on the Shanghai Stock Exchange directly through Hong Kong, and vice versa. This move connected China’s financial markets with the rest of the world.
Over the past decade, the Stock Connect has brought big changes. It helped include Chinese stocks in major global indexes, attracting billions of dollars in investments. It also strengthened Hong Kong’s role as a key financial bridge between China and the world.
The program encouraged Chinese companies to improve their corporate practices and meet international standards. This means better transparency and protection for investors.
Looking to the future, there’s potential to expand the Stock Connect even more. Adding new types of investments like exchange-traded funds or green finance products could attract more investors and support global efforts for sustainability.
As we look back on ten years of success, the Shanghai-Hong Kong Stock Connect shows how innovation and cooperation can reshape the global economy. It not only connects markets but also brings people and ideas together for shared prosperity.
Reference(s):
Shanghai-Hong Kong Stock Connect: A decade of bridging global markets
cgtn.com
