Hong Kong stock index to launch in Feb. for stock link

January 23, 2015 12:19 pm 

SHANGHAI, Jan. 23 — An index of tradable Hong Kong stocks under the Shanghai-Hong Kong Stock Connect scheme will be launched on Feb. 16, the Shanghai Stock Exchange and China Securities Index Co., Ltd announced Friday.

The new index will comprise of 273 stocks listed in Hong Kong and tradable through the stock connect scheme. A similar index featuring 569 Shanghai-listed tradable stocks was launched on Nov. 17 when the stock connect formally kicked off.

As of Thursday, the index monitoring Shanghai stocks traded by Hong Kong-based investors has risen 34.3 percent to 2,898.17 points.

Under the stock connect scheme, Hong Kong-based investors are allowed to trade Shanghai-listed stock under a daily quota of 13 billion yuan and total ceiling of 300 billion. Shanghai traders invested in Hong Kong-listed stocks under a daily quota of 10.5 billion yuan and a total ceiling of 250 billion yuan.

As of Thursday, a total of 86.2 billion yuan and 230 billion yuan has been used in northbound quota and southbound quota respectively. (PNA/Xinhua)

CTB/EBP

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