SSE, SZSE and HKEX Reach Consensus on Inclusion of A+H Stocks on SSE STAR Market in Shanghai, Shenzhen-Hong Kong Stock Connects

26 Jul 2019

According to the current business rules for Shanghai and Shenzhen-Hong Kong Stock Connects, the A+H stocks are within the scope of those in the Shanghai and Shenzhen-Hong Kong Stock Connects, which in principle includes the A shares listed on the SSE STAR Market and their corresponding H shares. Since the SSE STAR Market is a brand new board, which is different from the main board of the Shanghai Stock Exchange (SSE) in trading, regulation, investor suitability management and other aspects, the participation in the trading on the SSE STAR Market through the Shanghai Stock Connect requires the corresponding efforts to be made in business, technology and other preparations. In view of this, the SSE, the Shenzhen Stock Exchange (SZSE) and Hong Kong Exchanges and Clearing Limited (HKEX) have decided through negotiations that the A shares in the A+H shares listed companies on the SSE STAR Market will be included in the stocks of the Shanghai Stock Connect after the completion of relevant business and technology preparations in the Shanghai and Hong Kong markets, with the time of inclusion to be announced separately; based on the principle of equivalence, the corresponding H shares will also be included in the stocks of the Hong Kong Stock Connect under the Shanghai and Shenzhen-Hong Kong Stock Connects. The H shares in the A+H shares listed companies that are included in those of the Hong Kong Stock Connect as part of constituent shares of the Hang Seng Composite Large-Cap Index, Mid-Cap Index or Small-Cap Index shall not be affected by the above-mentioned arrangements.