The Shenzhen Stock Exchange (“SSE”) may soon open up to global investors. Some details of the Hong Kong-Shenzhen Stock Connect (the “Programme”) were released in an interview with the Chief Executive of the SSE, Ms. Song Liping, during the annual session of the National People’s Congress. According to the interview, it is expected that the Programme will be approved in the first half of 2015, to be implemented in the second half of 2015. The daily quota for the Programme and minimum capital requirements are expected to be the same as that of the Hong Kong - Shanghai Stock Connect, which is currently RMB 10.5 billion (approximately US$1.6 billion) a day for purchases of HK-listed stock by local Mainland Chinese investors; and up to RMB 13 billion (approximately US$2.1 billion) a day for the purchase of Shenzhen-listed stocks by global investors.
Read Dechert OnPoint: The Through-Train Leaves the Station: Hong Kong-Shanghai Stock Connect Launches