Shanghai Stock Exchange: The average daily trading volume of Shanghai-Hong Kong Stock Connect has increased to HK$509 billion so far.

The Shanghai Stock Exchange issued a document stating that this year marks the tenth anniversary of the Shanghai-Hong Kong market stock trading mutual access mechanism. Since the opening of the Shanghai-Hong Kong Stock Connect, the total trading volume of foreign capital through the Shanghai-Hong Kong Stock Connect has reached 70 trillion yuan, and the average daily trading volume of the Shanghai Stock Connect has increased significantly from 47 billion yuan in the first month of opening in 2014 to the current 1.283 trillion yuan; on the southbound side, mainland investors have accumulated a total trading volume of 27 trillion yuan through the Hong Kong Stock Connect, and the average daily trading volume of the Shanghai-Hong Kong Stock Connect has increased from 800 million Hong Kong dollars in the first month of opening in 2014 to the current 50.9 billion Hong Kong dollars. The average daily trading volume of the Shanghai Stock Connect and the Hong Kong Stock Connect now account for 5.8% and 18.4% of the Shanghai A-share market and the Hong Kong stock market, respectively. The Shanghai-Hong Kong Stock Connect has been in operation for ten years, making steadfast strides in the institutional opening of the capital market. Today, the Interconnection and Intercommunication Tenth Anniversary Summit Forum was held in Hong Kong, with officials from the two securities associations, Shanghai and Shenzhen exchanges, and other relevant authorities attending. China Securities Regulatory Commission Chairman Wu Qing delivered a video speech, CSRC Vice Chairman Li Ming attended the meeting and delivered a speech, Shanghai Stock Exchange Chairman Qiu Yong sent a video congratulation, and Shanghai Stock Exchange General Manager Cai Jianchun attended the meeting and delivered a keynote speech, discussing the development trends and prospects of financial market interconnection and intercommunication with participants. Since the establishment of the Shanghai-Hong Kong Stock Connect interconnection mechanism, under the overall guidance of the China Securities Regulatory Commission, the mainland and Hong Kong have jointly embarked on a new model of cross-border securities investment, exploring a new path of high-level financial opening to the outside world. Over the past decade, the Shanghai Stock Exchange has implemented the party's strategic deployment of both-way opening of the capital market, adhering to the commitment and original intention of opening up to the outside world and deepening comprehensive reform, continuously improving in all aspects such as rules, regulations, management, and standards, and providing innovative experience for high-level institutional opening to the outside world. Since the opening of the Shanghai-Hong Kong Stock Connect, the total trading volume of foreign capital through the Shanghai Stock Connect has reached 70 trillion yuan, and the average daily trading volume of the Shanghai Stock Connect has increased significantly from 47 billion yuan in the first month of opening in 2014 to the current 1.283 trillion yuan; on the southbound side, mainland investors have a total trading volume of 27 trillion yuan through the Hong Kong Stock Connect, and the average daily trading volume of the Shanghai-Hong Kong Stock Connect has increased from 800 million Hong Kong dollars in the first month of opening in 2014 to the current 509 billion Hong Kong dollars. The average daily trading volume of the Shanghai Stock Connect and the Hong Kong Stock Connect now account for 5.8% and 18.4% of the Shanghai A-share market and the Hong Kong stock market, respectively. As of now, the Shanghai Stock Connect covers a total of 1,349 stocks and 143 ETFs, with the market value coverage rate reaching 88.4%. The Hong Kong Stock Connect covers a total of 545 stocks and 17 ETFs, with the market value coverage rate reaching 87.8%. A total of 293 Sci-Tech Innovation Board (STAR Market) stocks have been included in the Shanghai-Hong Kong Stock Connect, enhancing the international appeal of China's innovation field. Looking back on the past ten years, under the unified deployment of the China Securities Regulatory Commission, the Shanghai-Hong Kong Stock Connect interconnection mechanism has been continuously optimized, with the number of target stocks increasing, the variety of trading products gradually enriched, and the trading mechanism increasingly improved. In 2016, the total quota limit was lifted; in 2018, the daily quota was doubled in both directions; in 2019, stocks of companies with different voting right structures were included in the target securities; in 2020, biotechnology companies listed in Hong Kong were included in the Hong Kong Stock Connect; in 2021, stocks of the Sci-Tech Innovation Board were included in the target securities of the Shanghai-Hong Kong Stock Connect; in 2022, ETF products were included in the target securities; in 2023, the trading calendar was expanded in both directions, with a significant increase in the target securities on both sides, allowing foreign companies to be included in the Hong Kong Stock Connect; in 2024, in the five measures of capital market cooperation with Hong Kong rolled out by the China Securities Regulatory Commission, it was announced that the interconnection mechanism between the two places will be further expanded and optimized. Openness is a distinct symbol of Chinese-style modernization. Chinese-style modernization has been continuously promoted in the process of reform and opening up, and will also open up broad prospects in the process of reform and opening up. In the next decade, the Shanghai Stock Exchange will continue to implement the strategy of promoting development through reform, improving quality and efficiency through reform, and promoting openness through reform. We will work hand in hand with the Hong Kong and Shenzhen exchanges, under the guidance of the China Securities Regulatory Commission and the Hong Kong Securities Regulatory Commission, to continue to optimize the interconnection mechanism, deepen financial cooperation and opening between the two places, actively serve domestic and foreign investors, make various funds willing to come, stay, and develop well, promote mutual benefit and win-win cooperation between the two places in capital markets, contribute to the high-quality development of the capital market, and make new contributions to the process of Chinese-style modernization, jointly building an open, inclusive, and efficient market ecology with investors at home and abroad, and sharing the achievements of high-quality development of the Chinese economy.