9周年!深港通累计成交131万亿元
证券时报·2025-12-04 23:36

Core Viewpoint - The Shenzhen-Hong Kong Stock Connect has been operational for 9 years, contributing significantly to the development of an open and inclusive capital market, enhancing collaboration in the Guangdong-Hong Kong-Macao Greater Bay Area, and supporting the growth of new productive forces. Group 1: Mechanism Optimization for High-Level Opening - The Shenzhen-Hong Kong Stock Connect has continuously improved its mechanism design, enhancing cross-border trading convenience and market attractiveness. Measures include expanding daily quotas, broadening the range of tradable securities, and optimizing trading calendars. As of December 4, the number of stocks available for trading in the Shenzhen Stock Connect reached 1,636, while the Hong Kong Stock Connect had 581 stocks. The cumulative transaction amount for the Shenzhen-Hong Kong Stock Connect reached 131 trillion yuan, with 103 trillion yuan from the Shenzhen Stock Connect and 28 trillion yuan from the Hong Kong Stock Connect. Since 2025, the average daily transaction amount for the Shenzhen Stock Connect has been 111.1 billion yuan, growing at an annual rate of 73%, while the Hong Kong Stock Connect has seen an average daily transaction amount of 46.7 billion HKD, with an annual growth of 94% [1]. Group 2: Capital Support for New Productive Forces - The Shenzhen market is characterized by a strong focus on technological innovation, with over 70% of high-tech enterprises and nearly 50% of strategic emerging industry companies. The Shenzhen-Hong Kong Stock Connect serves as a bridge, accelerating the influx of cross-border capital into new economic sectors. As of December 4, among the stocks in the Shenzhen Stock Connect, 1,110 companies are classified as high-tech enterprises, and 758 as strategic emerging industry companies, representing 72% and 49% of the total, respectively. Cumulative net purchases by investors in high-tech and strategic emerging industry stocks reached 630.7 billion yuan and 478.8 billion yuan, respectively. Since the reform of the ChiNext board and the pilot registration system, the proportion of ChiNext stocks in the transaction amount of the Shenzhen Stock Connect has increased to 38%, indicating a clear trend of international capital flowing into innovative sectors [2]. Group 3: Financial Integration in the Greater Bay Area - By 2025, the Shenzhen Stock Exchange aims to leverage its geographical advantage next to Hong Kong to expand cooperation and innovate collaboration models, further deepening the interconnection of capital markets between Shenzhen and Hong Kong. Initiatives include the launch of the Shenzhen-Hong Kong Stock Connect Advanced Manufacturing Index and the Green Low-Carbon Index to guide resource optimization in capital markets. Additionally, a comprehensive fund platform was established to enhance the operational efficiency of the Hong Kong fund market. The Shenzhen Stock Exchange, in collaboration with the Hong Kong Stock Exchange and the Guangzhou Futures Exchange, hosted the 2025 Greater Bay Area Exchange Technology Conference, focusing on promoting financial technology development and application in the region. Over the past nine years, the Shenzhen-Hong Kong Stock Connect has operated steadily, contributing positively to improving investor structure, promoting value concepts, and enhancing the quality of listed companies, while also reinforcing Hong Kong's status as an international financial center [3].