Shanghai-Hong Kong Stock Connect

The Global Data Ecosystem Conference 2023 Kicks Off: The World's Leading Data Industry Leaders Eye New Development Opportunities

Retrieved on: 
Tuesday, November 28, 2023
Party, Big data, Research, Information system, National Engineering Laboratory, Global Data Synchronization Network, Conference, R, Growth, Dun, Dun & Bradstreet, Sport, Government, Name, Organization, Central China, Workforce, Multimedia, SDE, Development, Information technology audit, London Stock Exchange Group, Transport, Data, Shanghai Data Exchange, Data exchange, PMI, ISACA, Branding, Data Management Association, IDSA, Communist party, Digital, Shanghai-Hong Kong Stock Connect, Partnership, Central committee, City, LSEG, Balance sheet, Global Crossing, State Council, Benchmarking, Role, Environment, Film industry, Cryptocurrency, Retail, Euromonitor International

The Global Data Ecosystem Conference 2023 (GDEC 2023) was held in Shanghai on November 25, 2023.

Key Points: 
  • The Global Data Ecosystem Conference 2023 (GDEC 2023) was held in Shanghai on November 25, 2023.
  • The joint launch of international data products at the conference marked a progression in global data collaboration, shifting from local to international data networks.
  • The establishment of the network is the culmination of a cooperative effort among seven provincial data trading institutions: SDE, Zhejiang Big Data Exchange Center, Shandong Data Exchange, Guangzhou Data Exchange, Beibu Gulf Data Exchange, Western China Data Exchange, and Northern China Big Data Exchange.
  • They provided a vital convergence point for industry leaders and prominent data exchange entities, creating a platform for global exchange and collaboration.

Futu Announces Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, August 24, 2023
Acceleration, IPO, IR, Shanghai-Hong Kong Stock Connect, Darts, Share repurchase, Marketing, ADS, Research, RSVP, YSB, US, Acquisition, Futu, Growth, Environment, Conference, Total, Rare-earth element, Cryptocurrency, Property management, Video game, Bank, Financial services, Security (finance)

HONG KONG, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2023.

Key Points: 
  • HONG KONG, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the second quarter ended June 30, 2023.
  • Daily average client assets were HK$450.1 billion in the second quarter of 2023, an increase of 18.3% from the same period in 2022.
  • Daily average revenue trades (DARTs)4 in the second quarter of 2023 declined 32.1% year-over-year to 389,748.
  • Net income margin for the second quarter of 2023 expanded to 45.1% from 36.7% in the year-ago quarter primarily due to strong topline growth and lower selling and marketing expenses.

Study Shows Foreign Investment Leads to Substantial Increase in ESG Performance of Chinese Firms

Retrieved on: 
Monday, May 15, 2023
Cheung Kong Graduate School of Business, Pressure, Connect, Deregulation, Business, Research, Carbon, Shanghai-Hong Kong Stock Connect, ESG, Edgeworth Professor of Economics, Office of Financial Research, Film industry, Economics, Mechanism, Bloomberg

Their research paper, titled "Financial Deregulation and ESG: Impacts and Mechanisms," discovered that Chinese firms with access to foreign capital through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Programs, experienced a significant increase in their ESG performance.

Key Points: 
  • Their research paper, titled "Financial Deregulation and ESG: Impacts and Mechanisms," discovered that Chinese firms with access to foreign capital through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Programs, experienced a significant increase in their ESG performance.
  • After the launch of the Shanghai Connect program in 2014, companies did not see an immediate increase in their ESG ratings relative to unconnected firms.
  • There are two main theories for why firms might respond to foreign investment with improved ESG performance.
  • At the same time, greater foreign investment in a stock tends to lead to increases in ESG ratings.

Study Shows Foreign Investment Leads to Substantial Increase in ESG Performance of Chinese Firms

Retrieved on: 
Monday, May 15, 2023
Cheung Kong Graduate School of Business, Pressure, Connect, Deregulation, Business, Research, Carbon, Shanghai-Hong Kong Stock Connect, ESG, Edgeworth Professor of Economics, Office of Financial Research, Film industry, Economics, Mechanism, Bloomberg

Their research paper, titled "Financial Deregulation and ESG: Impacts and Mechanisms," discovered that Chinese firms with access to foreign capital through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Programs, experienced a significant increase in their ESG performance.

Key Points: 
  • Their research paper, titled "Financial Deregulation and ESG: Impacts and Mechanisms," discovered that Chinese firms with access to foreign capital through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Programs, experienced a significant increase in their ESG performance.
  • After the launch of the Shanghai Connect program in 2014, companies did not see an immediate increase in their ESG ratings relative to unconnected firms.
  • There are two main theories for why firms might respond to foreign investment with improved ESG performance.
  • At the same time, greater foreign investment in a stock tends to lead to increases in ESG ratings.

Waton Securities International Bolsters Its Business with Professional Certification as a Hong Kong Stock Investment Advisor from the Asset Management Association of China

Retrieved on: 
Tuesday, April 25, 2023
Cloud, Asset Management Association of China, International, China Securities Regulatory Commission, E Fund Management, Shanghai-Hong Kong Stock Connect, AMAC, China Asset Management, Financial adviser

Hong Kong institutions that have obtained the qualification to provide Hong Kong stock investment advisory services to mainland securities companies and fund management companies under the "Hong Kong Stock Connect" program are part of the trend of increasing integration of the two capital markets.

Key Points: 
  • Hong Kong institutions that have obtained the qualification to provide Hong Kong stock investment advisory services to mainland securities companies and fund management companies under the "Hong Kong Stock Connect" program are part of the trend of increasing integration of the two capital markets.
  • With the gradual deepening of the interconnection mechanism between the mainland and Hong Kong stock markets, a large number of mainland securities and fund management institutions have issued asset management products that invest in Hong Kong stocks through the "Hong Kong Stock Connect" program.
  • However, their familiarity with the Hong Kong stock market is still inferior to that of local investment advisory institutions in Hong Kong, and the demand for securities investment advisory services provided by Hong Kong institutions is increasing.
  • Waton Securities International's recent qualification as a Hong Kong stock investment advisor marks a significant milestone in its journey towards consolidating its professional capabilities and strengths in the industry.

Futu Announces Fourth Quarter and Full Year 2022 Unaudited Financial Results

Retrieved on: 
Tuesday, March 28, 2023
IPO, IR, Shanghai-Hong Kong Stock Connect, Darts, Share repurchase, Marketing, Harman International, ADS, Research, ESOP, RSVP, Acquisition, Futu, Growth, American depositary receipt, Conference, Total, HK, Cryptocurrency, Property management, Video game, Bank, Security (finance), Real estate

HONG KONG, March 28, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022.

Key Points: 
  • HONG KONG, March 28, 2023 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022.
  • Daily average client assets were HK$383.1 billion in the fourth quarter of 2022, a decrease of 10.5% from the same period in 2021.
  • Daily average revenue trades (DARTs)4 in the fourth quarter of 2022 declined 12.7% year-over-year to 475,005.
  • Net income margin for the fourth quarter of 2022 expanded to 42.0% from 31.1% in the year-ago quarter.

Nissin Foods Becomes Eligible Trading Stock under Shanghai-Hong Kong Stock Connect

Retrieved on: 
Sunday, March 12, 2023
Nissin Foods, Russell Midcap Index, Shanghai Stock Exchange, Shanghai-Hong Kong Stock Connect, Hang Seng Composite Index Series, Film industry, Southbound

HONG KONG, Mar 13, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) will become a new eligible stock for trading under the Shanghai-Hong Kong Stock Connect, effective today, 13 March 2023, in accordance with the latest expansion of the scope of eligible stocks under the Stock Connect scheme as announced by the Shanghai Stock Exchange.

Key Points: 
  • HONG KONG, Mar 13, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) will become a new eligible stock for trading under the Shanghai-Hong Kong Stock Connect, effective today, 13 March 2023, in accordance with the latest expansion of the scope of eligible stocks under the Stock Connect scheme as announced by the Shanghai Stock Exchange.
  • The Shanghai-Hong Kong Stock Connect was officially launched in 2014 with the aim of establishing mutual stock market access between Mainland China and Hong Kong.
  • The stock connect allows qualified investors in Mainland China to access eligible Hong Kong shares (Southbound) as well as Hong Kong and overseas investors to trade eligible A shares (Northbound) subject to a certain amount of daily quota.
  • Being included in Shanghai-Hong Kong Stock Connect is a major milestone in our corporate development, indicating that Nissin Foods will be accessible to more traders in Mainland China through the Shanghai and Shenzhen Stock Connect which the Group earned inclusion earlier.

Restricted Shares Will be Lifted on 22 September, and the Management and Investors of Arrail Group are "Hoarding", Release High Growth Signals

Retrieved on: 
Thursday, September 22, 2022
Cornerstone, Shanghai-Hong Kong Stock Connect, Policy, Qiming Venture Partners, City, Company, Hillhouse Capital Group, News, Goldman Sachs, Cognition, Industry, IPO, Hoarding, Temasek, Prospectus, Hospital, Health insurance, Security (finance)

HONG KONG, Sept 22, 2022 - (ACN Newswire) - The restricted shares of Arrail Group Limited ("Arrail Group" or the "Company", stock code: 06639.HK), a leading dental services group in China, will be officially lifted and listed for circulation on 22 September 2022.

Key Points: 
  • HONG KONG, Sept 22, 2022 - (ACN Newswire) - The restricted shares of Arrail Group Limited ("Arrail Group" or the "Company", stock code: 06639.HK), a leading dental services group in China, will be officially lifted and listed for circulation on 22 September 2022.
  • In this regard, the Company's management and investors clearly presented the idea of being "hoarding" and their current confidence.
  • Based on the confidence in the industry prospect and the future development of Arrail Group, the major investors of the Company said that they would continue to hold shares.
  • It is expected that the results and valuation of Arrail Group will be improved, thus promoting the further development of its dental services.

Zai Lab Announces Inclusion of its Ordinary Shares in Two Stock Connect Programs

Retrieved on: 
Monday, July 18, 2022
Research, Shenzhen-Hong Kong Stock Connect, U.S. Securities and Exchange Commission, Patient, Infection, Lists of diseases, Acceleration, Nasdaq, Bangladesh Securities and Exchange Commission, Shanghai-Hong Kong Stock Connect, GLOBE, Private Securities Litigation Reform Act, Forward-looking statement, Shanghai Stock Exchange, Shenzhen Stock Exchange, Degenerative disease, NASDAQ, Stock exchange, Growth, Health, Hong Kong Stock Exchange, Lab, Motherboard, SAN, Tutoring

Similarly, Zai Labs ordinary shares traded on the Hong Kong Stock Exchange have been included in the Shenzhen-Hong Kong Stock Connect Program since June of 2022 when the Companys dual primary listing on both Nasdaq and the Hong Kong Stock Exchange became effective.

Key Points: 
  • Similarly, Zai Labs ordinary shares traded on the Hong Kong Stock Exchange have been included in the Shenzhen-Hong Kong Stock Connect Program since June of 2022 when the Companys dual primary listing on both Nasdaq and the Hong Kong Stock Exchange became effective.
  • Both Stock Connect Programs are anticipated to increase the access that eligible investors in mainland China have to Zai Lab and its shares.
  • The inclusion of our shares in both the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect Programs expands our shareholder base across the global markets and enables the continued acceleration of our growth and important work discovering, developing, and commercializing medicines in areas of greatest patient need, said Billy Cho, Chief Financial Officer of Zai Lab.
  • The Shanghai-Hong Kong Stock Connect provides a two-way trading link between the Shanghai Stock Exchange and the Hong Kong Stock Exchange.

NetDragon Included in CSI Hong Kong Connect Internet Index

Retrieved on: 
Friday, June 17, 2022
Online, Oath, Industry, Shanghai-Hong Kong Stock Connect, Internet, View, Company, CSI, Smartphone, ETF, History, Multimedia, HKSE, NetDragon Websoft, Video game, Index

HONG KONG, June 17, 2022 /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or "the Company", Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that the Company has become a constituent of the CSI Hong Kong Connect Internet Index ("Index"), according to the latest revision announced by China Securities Index Co., Ltd.

Key Points: 
  • HONG KONG, June 17, 2022 /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or "the Company", Hong Kong Stock Code: 777), a global leader in building internet communities, is pleased to announce that the Company has become a constituent of the CSI Hong Kong Connect Internet Index ("Index"), according to the latest revision announced by China Securities Index Co., Ltd.
  • Introduced by China Securities Index Co., Ltd., the Index selects its constituent from the top 30 internet-related companies in the Hong Kong Stock Connect, based on average daily market capitalization over the last twelve months.
  • It is intended to reflect the overall performance of internet-related securities in the Hong Kong Stock Connect.
  • As one of the indices that various exchange-traded funds ("ETFs") have been tracking, NetDragon's inclusionin the Index highlighted its recognition as one of the industry vertical leaders.