21 Century Economic Report reporter Pang Huawei Guangzhou report
The first list of targets included in ETF interconnection has been released, including 83 A shares ETFs and 4 Hong Kong stock ETFs.
On the evening of June 28, the China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission ) and Hong Kong Securities and Futures Commission (hereinafter referred to as Hong Kong Securities Regulatory Commission ) issued the "China Securities Regulatory Commission Hong Kong Securities and Futures The Joint Announcement of the Affairs Supervisory Committee stated that it has decided to approve the exchanges of the two places to formally include eligible ETFs into the mainland and Hong Kong stock market trading interconnection mechanism (hereinafter referred to as interconnection). ETF trading under the Stock Connect will begin on July 4, 2022.
Subsequently, Shanghai Stock Exchange, Shenzhen Stock Exchange, and Hong Kong Stock Exchange also issued relevant announcements on ETF interconnection.
The focus of market attention is that according to announcement statistics, the first batch of 87 eligible targets for ETF interconnection include 83 A-share ETFs and 4 Hong Kong stock ETFs.
It is worth mentioning that according to previous announcements on the ETF interconnection between the two places, the scope requirements for stock ETFs to be included in the interconnection include: the average daily asset size of ETFs on the Shanghai Stock Exchange and Shenzhen Stock Exchange in the past six months has reached 1.5 billion yuan, and their ingredients The securities are mainly stocks subject to the Shanghai and Shenzhen Stock Connect; the average daily asset size of the Stock Exchange ETF in the past six months has reached HK$1.7 billion, and its component securities are mainly stocks subject to the Hong Kong Stock Connect , and must not be synthetic ETFs or leveraged and reverse products. To be included in the underlying ETF, it must also meet the requirements of being listed for six months and its underlying index being released for one year. In principle, the underlying ETF is adjusted every six months.
html On the evening of June 28, announcements from the Shanghai Stock Exchange and Shenzhen Stock Exchange showed that mainland investors can purchase 4 Hong Kong stock ETFs through Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, including TRACKER FUND (TRACKER FUND), Hang Seng China Enterprises ( HSCEI ETF), CSOP HS TECH, ISHARESHSTECH.
Hong Kong Stock Exchange announcement shows that Hong Kong investors can buy 83 A-share ETFs through the northbound Shanghai-Shenzhen Stock Connect.
includes 53 Shanghai Stock Connect ETFs and 30 Shenzhen Stock Connect ETFs.
Specifically, the 53 Shanghai Stock Connect ETFs include Shanghai Stock Exchange 50ETF, 300ETF, 500ETF, 800ETF and other broad-based ETFs, as well as financial ETFs, brokerage ETFs, pharmaceutical ETFs, defense ETFs, non-ferrous ETFs and other industry-themed products.
30 Shenzhen Stock Connect ETFs cover core broad-based products such as GEM ETF, CSI 300 ETF , as well as representative industry theme products such as biotechnology ETF, chip ETF, carbon neutral ETF, etc., mainly focusing on advanced manufacturing, digital economy, and green and low-carbon fields.
Generally speaking, most of the broad-based index ETFs track the CSI 300, CSI 50, CSI 500, GEM and other indexes; among the industry theme ETFs, the majority are ETFs in the TMT and new energy fields. For example, semiconductor ETFs, new energy vehicle ETFs, computer ETFs, photovoltaic ETFs, etc.
According to the announcement from the Hong Kong Stock Exchange, ETF trading under the Stock Connect will begin on July 4, 2022 (Monday). The data deadline for the initial list of northbound eligible ETFs is April 29, 2022, and the list of eligible ETFs will be reviewed regularly every six months thereafter.
html On June 28, the Shenzhen Stock Exchange and the Shanghai Stock Exchange announced that the integration of ETFs into the mainland and Hong Kong stock market trading interconnection mechanism will be officially launched on July 4, 2022. "This is a landmark achievement of the continuous optimization and improvement of the interconnection mechanism, and it is also Another important measure to solidly advance the comprehensive deepening of capital market reform, promote high-level opening up, and serve the construction of the Guangdong-Hong Kong-Macao Greater Bay Area. "In the early stage, both the Shenzhen Stock Exchange and the Shanghai Stock Exchange have officially issued relevant business rules to clarify the conditions and conditions for the inclusion of ETFs. Adjustment mechanisms, transaction arrangements and other matters. At the same time, the exchange worked closely with relevant parties, organized market participants to make various preparations, jointly conducted multiple technical system tests with member institutions, urged members to strengthen business risk prevention, and earnestly provided investor education services. At present, preparations in all aspects including business, technology and market are basically in place.In the next step, both the Shanghai Stock Exchange and the Shenzhen Stock Exchange stated that under the unified deployment of the China Securities Regulatory Commission, they will continue to work with all parties to actively carry out various tasks before the ETF is officially included in the interconnection mechanism to ensure the smooth opening and smooth implementation of the inclusion mechanism.
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