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Mainland Investors Hold HKD6T+ in HK Stocks via Southbound Stock Connect: PBOC Deputy Governor
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The Shanghai-/ Shenzhen-Hong Kong Stock Connects have incessantly expanded the scale of two-way investments between Mainland China and Hong Kong, the People's Bank of China (PBOC) Deputy Governor Zou Lan opined at the Asian Financial Forum (AFF). By far, Mainland investors has held a total market value of over HKD6 trillion in Hong Kong stocks via Southbound Stock Connect. Meanwhile, global investors hold a total market value of over RMB2.5 trillion in Mainland stocks via the Shanghai-/ Shenzhen-Hong Kong Stock Connects through Hong Kong. Zou mentioned that the PBOC and the Hong Kong Monetary Authority (HKMA) promoted cross-border bond repurchase business last year. Currently, 34 overseas institutional investors have conducted offshore repurchases exceeding RMB119 billion, and 46 new overseas institutional investors have cumulatively conducted cross-border repurchase business amounting to RMB150.3 billion. AASTOCKS Financial News Website: www.aastocks.com |
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