On January 12, Shenzhen Stock Exchange (SZSE) and Hong Kong Exchanges and Clearing Limited (HKEX) jointly held a cross-border online investment conference with the theme of “Innovative Cooperation and Global Connectivity”. It is an important measure to further implement the cooperation agreement between SZSE and HKEX to strengthen personnel exchanges on a regular basis and deepen two-way joint market cultivation services. Sha Yan, President & CEO of SZSE, and Nicolas Aguzin, Chief Executive Officer of HKEX, attended the conference and delivered speeches. Representatives of SZSE, HKEX, and domestic and foreign financial institutions introduced and exchanged ideas on the high-level two-way opening-up of the capital market and the new opportunities and measures under the integrated development of GBA capital markets. Discussions were also carried out on the enhancement of the Shenzhen-Hong Kong Stock Connect mechanism, the reform and development of the mainland and Hong Kong capital markets, and product allocation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
As core institutions and important platforms of the capital market in the GBA, SZSE and HKEX have carried out fruitful cooperation in market connectivity, information exchange, and regulatory collaboration following the signing of the cooperation agreement in 2009. The Shenzhen-Hong Kong Stock Connect has been operating smoothly and orderly with transaction scale accelerating and the mechanism arrangement continuously optimizing. The two exchanges have jointly held 14 sessions of Shenzhen-Hong Kong Stock Connect international roadshows overseas, effectively attracting overseas medium and long-term funds into the market, and accelerating cross-border capital to invest into innovative technology and new economic fields. The Shenzhen-Hong Kong ETF Connectivity products, launched in October 2020, provided investors with more diversified options for cross-border investment. In 2022, SZSE and HKEX signed a supplementary cooperation agreement to continue to deepen win-win cooperation in multiple fields, at higher level and in broader scope, further enhancing the dovetailing of mechanisms, connectivity of facilities, collaboration of supervision, and experience sharing in the GBA.
Under the leadership of China Securities Regulatory Commission, SZSE, located at the GBA and embracing the world, is committed to making progress while ensuring stability. It will enhance the connectivity mechanism, strengthen cross-border supervision and technical cooperation, and improve the service system for overseas investors, so as to promote international development in a practical and orderly manner, better serve the new paradigm of two-way opening-up of China's capital market at higher level, and continue to inject new momentum into the high-quality development of the GBA.