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Peter Wong Advocates Deepening Mutual Mkt Access
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The National Two Sessions are about to convene, with the review of the Outline of the 15th Five-Year Plan being a core agenda item of significant attention. Peter Wong, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), Vice Chairman of the Agriculture and Rural Affairs Committee and Chairman of HSBC, focused on further promoting in-depth mutual market access in the Greater Bay Area, financial support for agricultural development and other issues, and proposed relevant suggestions on leveraging Hong Kong's advantages to serve the overall development of China. The continuous heat wave of major Chinese enterprises listing in Hong Kong propelled Hong Kong to become the world's largest IPO market again, with mutual market access between the two regions continuously deepening, Wong noted. Relevant policies introduced last year allow companies from the Guangdong-Hong Kong-Macao Greater Bay Area listed in Hong Kong to list on the Shenzhen Stock Exchange (SZSE) as per regulations, achieving two-way interoperability of listing entities. If Shenzhen and Hong Kong investors were further permitted to participate in IPO trading across both regions simultaneously, thereby establishing a more comprehensive Primary Equity Connect in the Greater Bay Area, it would help further deepen financial cooperation between Shenzhen and Hong Kong and enhance the interconnection of financial markets within the Greater Bay Area, and increase the inclusiveness and adaptability of domestic capital market systems while advancing the RMB internationalization. AASTOCKS Financial News Website: www.aastocks.com |
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