Leung Chun-ying (5th right), then chief executive of Hong Kong Special Administrative Region, and Chow Chung-kong (4th left), then chairman of Hong Kong Exchanges and Clearing, jointly beat the gong to mark the launch of the Shenzhen-Hong Kong Stock Connect, the second link between the inland and Hong Kong bourses, in Hong Kong, Dec 5, 2016. (WANG SHEN / XINHUA)
As of Dec 5, the program's two-year anniversary, the total turnover through the stock connect reached 4.15 trillion yuan
As of Dec 5, the program's two-year anniversary, the total turnover through the stock connect reached 4.15 trillion yuan (about US$605 billion), data from the Shenzhen Stock Exchange showed.
Net purchases through northbound trading, or money invested from Hong Kong into the Chinese mainland, reached 266.84 billion yuan, while net purchases through southbound trading totaled 156.54 billion yuan, resulting in net capital inflows into the Chinese mainland of 110.3 billion yuan, the data showed.
Northbound trading has been particularly active since global index provider MSCI included some Chinese A-shares in its widely tracked indices on May 31.
Global investors have been increasingly bullish on stocks listed in Shenzhen, particularly small-cap growth stocks, the data showed.
China has been stepping up efforts opening its financial sector wider to the world, with stock and bond connect programs allowing global investors to access its growing capital market.
HONG KONG NEWS