HKEX(HK:00388) Zheng Quan Shi Bao·2025-12-05 00:01Core Insights - The Shenzhen-Hong Kong Stock Connect has been operational for 9 years, contributing significantly to the development of an open and inclusive capital market ecosystem, enhancing collaboration in the Guangdong-Hong Kong-Macao Greater Bay Area, and supporting the growth of new productive forces [1] Group 1: Mechanism Optimization and Trading Growth - The Shenzhen-Hong Kong Stock Connect has continuously improved its mechanism design, enhancing cross-border trading convenience and market attractiveness [1] - As of December 4, 2023, the total transaction amount of the Shenzhen-Hong Kong Stock Connect reached 131 trillion yuan, with the Shenzhen Stock Connect accounting for 103 trillion yuan and the Hong Kong Stock Connect for 28 trillion yuan [1] - Daily average transaction amounts since 2025 have shown significant growth, with Shenzhen Stock Connect averaging 111.1 billion yuan (73% annual growth) and Hong Kong Stock Connect averaging 46.7 billion HKD (94% annual growth) [1] Group 2: Support for New Economic Development - The Shenzhen market is characterized by a strong focus on technology innovation, with over 70% of companies being high-tech enterprises and nearly 50% being strategic emerging industries [2] - The Shenzhen-Hong Kong Stock Connect has facilitated the accumulation of cross-border funds in new economic sectors, with net purchases of high-tech and strategic emerging industry stocks reaching 630.7 billion yuan and 478.8 billion yuan, respectively [2] - Since the reform and pilot registration system of the ChiNext board, the proportion of ChiNext stocks in the Shenzhen Stock Connect trading volume has increased to 38%, indicating a clear trend of international funds flowing into innovative sectors [2] Group 3: Financial Integration in the Greater Bay Area - The Shenzhen Stock Exchange is leveraging its geographical advantage to deepen cooperation and innovate collaboration models, aiming to enhance the connectivity of capital markets in the Greater Bay Area [3] - Initiatives such as the launch of the Shenzhen-Hong Kong Stock Connect Advanced Manufacturing Index and the Green Low-Carbon Index are aimed at optimizing resource allocation in the capital market [3] - The Shenzhen Stock Exchange, in collaboration with the Hong Kong Stock Exchange and other partners, is actively promoting the development of financial technology in the Greater Bay Area, contributing to the establishment of a global financial technology center [3]