BEIJING, Nov. 19 (Xinhua) -- The Shanghai-Hong Kong Stock Connect had seen a cumulative transaction volume of 10.31 trillion yuan as of November 16, 2018, since its launch four years ago.
To be specific, the northbound trading to Shanghai registered 6.05 trillion yuan in the 930 trading days, representing daily transactions of 6.502 billion yuan on average, while the southbound trading to Hong Kong registered 4.27 trillion yuan in the 912 trading days, representing daily transactions of 4.677 billion yuan.
It is worth nothing that so far this year, the northbound trading to Shanghai posted 2.35 trillion yuan, representing daily transactions of 11.625 billion yuan. In particular, since the end of March this year, about 150 billion yuan have accumulatively flowed to A-share market through the Shanghai-Hong Kong Stock Connect, showing the overseas capital's confidence in China's A-share market.
To boost the Shanghai-Hong Kong Stock Connect, from May 1 this year, China further expanded the daily quotas for the program to wider market opening-up.
The daily northbound quotas for the program, which allows investors in Hong Kong to buy shares in the mainland, were quadrupled to 52 billion yuan from 13 billion yuan, while the daily southbound quotas for the program increased to 42 billion yuan from 10.5 billion yuan. (Edited by Hu Pingchao, hupingchao@xinhua.org)
A single purchase
