China News Service, March 3. According to the official website of the Shanghai Stock Exchange, the Shanghai Stock Exchange issued the "Shanghai Stock Exchange Shanghai-Hong Kong Stock Connect Business Implementation Measures (Revised in 2023)" (hereinafter referred to as the "Implementation Measures") on the 3rd, which is planned to be implemented on March 13. implementation day.
The relevant person in charge of the Shanghai Stock Exchange stated that the revision of the "Implementation Measures" adheres to the general principle of "opening up, seeing clearly, and managing", and further enhances the inclusiveness of the stock selection criteria for Shanghai Stock Connect on the basis of preventing business risks. , Incorporate more stocks of companies listed on the Shanghai Stock Exchange into the Shanghai Stock Connect targets, and achieve a higher level of opening up to the outside world.
The main changes are as follows:
First, the Shanghai Stock Connect stock benchmark index has been expanded from the SSE 180 Index and the SSE 380 Index to the SSE A-Share Index. The coverage of constituent stocks will be further expanded from large and mid-cap stocks on the Shanghai Stock Exchange to mid- and small-cap stocks, and each industry can choose The number of stocks is no longer subject to restrictions such as quantity, and the number of constituent stocks has increased significantly;
The second is based on the principle of risk control, set the transfer requirements such as the daily average market value of 5 billion yuan, the daily average transaction value of 30 million yuan, and the proportion of suspension days less than 50%;
The third is to set up an adjustment buffer mechanism in which the transfer-out conditions are lower than the transfer-in conditions, so as to reduce the frequent transfer-in and transfer-out of underlying stocks.
Specifically, during the semi-annual regular adjustment and inspection, the non-A + H shares of Shanghai Stock Connect stocks have a daily average market value of less than 4 billion yuan, or an average daily transaction value of less than 20 million yuan, or the proportion of the number of days that trading is suspended throughout the day More than 50%, call out Shanghai Stock Connect stocks.
The fourth is to compare the first inclusion of stocks of companies with different voting rights structures under the Hong Kong Stock Connect, and clarify the initial inclusion of stocks of companies with different voting rights arrangements under the Shanghai Stock Connect.
(China New Finance and Economics)