HONG KONG: Revenue and other income generated by the Shanghai-Hong Kong Stock Connect trading scheme launched in November last year was US$68 million, Hong Kong Exchanges and Clearing (0388) announced here the other day.
The bourse operator said it opened up a new era for business growth.
Shanghai-Hong Kong Stock Connect became operational on November 17 last year allowing individuals or institutions to trade listed shares in Hong Kong and Shanghai.
(Chief Executive Leung Chun-ying, right, launches the Shanghai-Hong Kong Stock Connect on November 17, 2013).
At launch, Hong Kong investors could trade 568 A shares listed on the SSE, and mainland investors could trade 273 stocks listed on the stock exchange, HKEx said.
From the launch day to the end of December 2014, the average daily trading turnover (the daily average of the buy trade value and sell trade value) of northbound trading and southbound trading was 5.584 billion yuan and HK$929 million respectively, the HKEx reported.
