Stock Exchange Between Shanghai And Hong Kong Stock Markets Stimulated The Two Markets

"P > Shanghai Port < a href=" http://www.91se91.com/news/index_s.asp "> stock market < /a > interoperability pilot approved, Hongkong residents can buy shares each other.

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< p > yesterday, the China Securities Regulatory Commission announced on the website that in order to promote the common development of the mainland and Hongkong capital markets, the SFC and the Hongkong securities and Futures Regulatory Commission decided to approve the Shanghai Stock Exchange to conduct the pilot system of interconnection pactions between Shanghai and Hong Kong stock market in principle.

The news sent the stock market up sharply.

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< p > < strong > total limit 550 billion yuan < /strong > < /p >.

< p > according to the pilot scheme, investors from both sides will be allowed to buy and sell shares on the other side of the stock exchange stipulated in the local securities companies (or brokers).

Hongkong residents can exchange shares through the Shanghai Stock Exchange, and mainland residents can trade Hongkong shares through Hong Kong stocks.

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< p > it is stipulated that the total amount of Shanghai Stock pass is 300 billion RMB, the daily amount is 13 billion RMB, the total amount of Hong Kong stock is 250 billion RMB, and the daily amount is 10 billion 500 million RMB.

It will take 6 months to prepare for the formal launch of Shanghai and Hong Kong.

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At the beginning of the P test, the Shanghai Stock Exchange's < a href= "http://www.91se91.com/news/index_cj.asp" > stock < /a > is the Shanghai Stock Exchange 180 and Shanghai Stock 380's constituent stocks, as well as the Shanghai Stock Exchange's A+H shares.

Hong Kong stocks pass through the Hang Seng comprehensive stock index, the constituent stocks of the Hang Seng comprehensive medium cap index and the A+H shares that are listed in Shanghai and Hong Kong at the same time.

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< p > the Hongkong Securities Regulatory Commission requires domestic investors to participate in Hong Kong stocks only to institutional investors, as well as individual investors with a total balance of securities accounts and capital accounts of not less than 500 thousand yuan.

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< p > < strong > stimulating blue chips generally rose < /strong > /p >

< p > yesterday, the trend of A shares was stable in the early morning, and the blue chips continued to recuperate, and the theme stocks were dancing.

In the afternoon, affected by the exchange of information between Shanghai and Hong Kong stock exchanges, AH discount shares (A shares lower than Hong Kong stocks) surged wildly, and blue chips collectively increased, and the market rose nearly 2%.

The Shanghai Composite Index closed up 1.38% points to 2134.3 points, while Shenzhen index and small and medium-sized board index and growth enterprise board index rose less than 1%.

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< p > because of the initial stage of the trial, Shanghai Stock Exchange Limited only a limited number of blue chip stocks such as A+H shares yesterday, so the blue chip stocks were popular, and the AH discount stocks were stronger in the afternoon.

The conch plate with a discount of 40% is the first to seal up the daily limit board, and other AH shares are also hitting the limit.

Closing, conch cement, Anshan Iron and Steel shares, Ninghu Expressway and other sealed up trading; CITIC Securities, China Railway Construction once closed, closing close to the limit; Ping An, China, and so on rose more than 7%.

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< p > Shanghai and Hong Kong stock market interconnection also favorable brokerage sector, brokerage stocks across the board rose sharply, the overall plate rose more than 5%, ranking first in the major plates.

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< p > < strong > promote mainland trading system reform < /strong > /p >

< p > most of the professional people applauded the new deal.

Li Daxiao, director of the British Securities Research Institute, said on micro-blog that the move is good for blue chip dividends and junk dividends. "The two markets learn from each other, and the two investment concepts are integrated with each other."

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< p > "first of all, the valuation of A shares blue chips is an improvement."

Xu Shanwu, chief investment officer of Tianfeng securities, said: "blue chips in Hongkong stock market are higher than the mainland stock market, while the value of the theme stocks is lower than that in the mainland.

At present, AH shares as a whole have a discount on A shares compared with H-shares, which will be improved in the future, thereby blocking the blue chips' falling space.

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< p > "secondly, the trading system and rules of the two places will be further closer. This will accelerate the reform of the mainland trading system and make it more fair and open and fair. For example, the possibility of the introduction of T+0 will be greater, which will give impetus to the reform of A shares.

In addition, after the exchange of funds, about about 10000000000 yuan per day in exchange funds will promote the activity of the two places.

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< p > Changjiang Securities senior adviser He Chunming said that the < a href= "http://www.91se91.com/news/index_q.asp" > policy < /a > not only has an impact on A+ H shares, but also has a greater impact on the relevant plate valuation.

Investors are advised to participate in the blue chip market.

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