Core Insights - The collaboration between Shenzhen and Hong Kong stock exchanges has significantly enhanced financial connectivity, information sharing, and technological integration, reinforcing Hong Kong's status as an international financial center [1] Group 1: Deepening Interconnectivity - Since the launch of the Shenzhen-Hong Kong Stock Connect in 2016, the trading volume has rapidly increased, with a cumulative transaction amount reaching 125 trillion yuan by the end of September [1] - The Shenzhen Stock Connect accounted for 98 trillion yuan of this total, with an average daily trading volume of 47.7 billion yuan, making it the primary channel for foreign investment in A-shares [1] - The Hong Kong Stock Connect contributed 27 trillion yuan, with an average daily trading volume of 13.3 billion yuan, injecting liquidity into the Hong Kong market [1] Group 2: Bond Market Cooperation - The establishment of the Greater Bay Area Bond Platform in 2022 has enhanced cross-border bond trading cooperation, improving transparency in cross-border financing information disclosure [2] - As of September, the platform has showcased 46 products, including 35 offshore local government bonds and 10 cross-border bonds from policy financial institutions [2] - The platform aims to leverage the "dual zone" policy for innovative practices in capital market connectivity [2] Group 3: Financial Infrastructure Development - The Shenzhen and Hong Kong exchanges have initiated a collaboration project to provide stable and low-latency market data services, with a communication forwarding system for Hong Kong stock market data set to launch in 2024 [3] - A comprehensive fund platform has been established to enhance the efficiency of the Hong Kong fund market, with 42 financial institutions already participating [3] - Future plans include further reforms and expansions to enhance market attractiveness and support high-quality economic development [3]