Bloomberg Talks
HKEX CEO Bonnie Chan Talks HKEX Connect Summit
Nov 18, 2024
Bonnie Chan, CEO of the Hong Kong Stock Exchange, shares insights on the HKEX Connect Summit and celebrates a decade of cross-border stock links. She discusses impressive growth in trading volumes and potential new products like bonds and ETFs. The conversation dives into the resurgence of Hong Kong's IPO market, highlighting strategic timing for capital raising. Chan emphasizes the importance of market resilience amidst political changes and the ongoing enhancements in trading infrastructure, signaling a bright future for the Connect program.
10:19
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Quick takeaways
- The significant growth in southbound and northbound trading over the past decade highlights the expanding accessibility and interest in cross-border investments between Hong Kong and mainland China.
- Bonnie Chan emphasized that enhancing micro-infrastructure is crucial for improving user experience, which will ultimately drive greater participation in the Stock Connect program.
Deep dives
Growth of the Stock Connect Program
The Stock Connect program, which began in 2012, has seen significant growth over its first decade, with southbound trading increasing by 50 times and northbound trading by 25 times. This expansion reflects the success and interest in making cross-border investments between Hong Kong and mainland China more accessible. The CEO of HKEX noted that despite the achievements, there remains substantial potential for further development. Future enhancements will include adding more products and expanding the trading options available to investors.
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