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Hong Kong, Shenzhen Bourses Sign New Strategic Pact

Hong Kong and Shenzhen stock exchanges said on Wednesday they signed a new cooperation agreement in hope of boosting investment in the Guangdong-HK-Macau Greater Bay Area.

Hong Kong Exchange suffered a 27% fall in profit in the first half of 2022.
HKEX owns the Hong Kong Stock Exchange, plus the Hong Kong Futures Exchange and the London Metal Exchange. China's economic slowdown and Covid woes, plus geopolitical tension with the US has hit listing and trading. Photo: Reuters.


Hong Kong Exchanges and Clearing (HKEX) said on Wednesday it had signed a new strategic cooperation agreement with the Shenzhen Stock Exchange (SZSE ) in hopes of boosting investment from and in the Guangdong-Hong Kong-Macau Greater Bay Area.

HKEX and SZSE jointly launched Shenzhen-Hong Kong Stock Connect in 2016.

Under this expanded agreement, HKEX and SZSE would conduct joint marketing and promotional activities, such as forums and workshops, on Stock Connect, index and derivatives product development and cross-border regulatory updates.

On Wednesday they co-hosted a cross-border online investment conference with a focus on integrating and driving the development of the Greater Bay Area.

“The Greater Bay Area is one of the world’s most exciting economic and technological development areas,” said Nicolas Aguzin, HKEX chief executive.

He said HKEX and SZSE will also take part in reciprocal short-term training and secondment programmes for their employees to boost understanding of the development and operations.

Shenzhen-Hong Kong Stock Connect marked its fifth anniversary in December 2021. Its cumulative trading volume reached 41.9 trillion yuan, with an average annual growth rate of 94.5%.

HKEX’s average daily turnover in 2021 was HK$166.7 billion, an increase of 29% over the $129.5 billion recorded in 2020.


  • George Russell



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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.


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