chairman gui minjie and other members of shanghai stock exchange visit china everbright
on 11 august 2014, chairman of shanghai stock exchange gui minjie, vice president of shanghai stock exchange que bo and other members of shanghai stock exchange visited china everbright. deputy general manager of china everbright group liu jun, ceo of china everbright ltd. and chairman of the chinese financial association of hong kong chen shuang welcomed the guests and the group exchanged thoughts on topics like “shanghai-hong kong stock connect”.
“shanghai-hong kong stock connect will promote the opening of the two cities’ capital markets and enhance the capital flow between the two cities under a controlled manner. it is also expected that technical issues will be resolved during the process, laying down the foundation for developing a diversified trading model,” said gui minjie.
chen shuang said, while assisting the financial services development council to formulate suggestions on speeding up the establishment of an offshore renminbi center, the chinese financial association of hong kong proposed that china securities regulatory commission’s ideas conveyed during the asian financial forum in january 2013, regarding the promotion on cross listing of stock exchange products, shall be followed. international experience shall be referred to when establishing the interconnectivity of the hong kong and the mainland stock exchange markets, and strive to achieve a controlled flow of investment funds. our recommendations coincided with the recently announced shanghai-hong kong stock connect, which will link up the securities exchange channels of the two cities and will speed up the expansion of trade scale in both exchanges. as a result, financial institutions in the two cities are in general supportive of the policy. the industry is now actively exploring ways to adapt to the new changes, including the optimization of trade systems, in order to achieve a win-win situation for the whole sector.
“shanghai-hong kong stock connect will promote the opening of the two cities’ capital markets and enhance the capital flow between the two cities under a controlled manner. it is also expected that technical issues will be resolved during the process, laying down the foundation for developing a diversified trading model,” said gui minjie.
chen shuang said, while assisting the financial services development council to formulate suggestions on speeding up the establishment of an offshore renminbi center, the chinese financial association of hong kong proposed that china securities regulatory commission’s ideas conveyed during the asian financial forum in january 2013, regarding the promotion on cross listing of stock exchange products, shall be followed. international experience shall be referred to when establishing the interconnectivity of the hong kong and the mainland stock exchange markets, and strive to achieve a controlled flow of investment funds. our recommendations coincided with the recently announced shanghai-hong kong stock connect, which will link up the securities exchange channels of the two cities and will speed up the expansion of trade scale in both exchanges. as a result, financial institutions in the two cities are in general supportive of the policy. the industry is now actively exploring ways to adapt to the new changes, including the optimization of trade systems, in order to achieve a win-win situation for the whole sector.