Stock Connect northbound turnover leaps to record

Northbound turnover of the Stock Connect reached 9.75 trillion yuan last year, representing an increase of 109 percent, breaking the previous record set in 2018, the Hong Kong Exchanges and clearing reported today.

Southbound turnover was HK$2.48 trillion.

Two eligible weighted voting rights companies were included into Southbound trading in October.

As of the end 2019, net capital inflows since launch into the mainland and into Hong Kong was 993.5 billion yuan and HK$1.05 trillion, respectively, the HKEX reported.

The Shanghai-Hong Kong Stock Connect makerd its fifth anniversary and Shenzhen-Hong Kong Stock Connect celebrated its third anniversary last year.

Stock Connect, the mutual market access program linking the Hong Kong and mainland China equity markets, marked its fifth anniversary in November last year.