SSE International Board to benefit Hong Kong equities

As a result of the Second Sino-British Economic and financial dialogue, the process of listing on mainland Chinese exchanges will be speeded up. HSBC Holdings, Europe's biggest bank, is expected to be the first to be listed in the mainland as a foreign-owned company. Market participants expect that, if HSBC, Standard Chartered group and other British-funded enterprises for foreign enterprises in the A-share market opened the gap, the preparation of a return to a-share China Mobile and CNOOC, and other heavy red chips, will also speed up the listing of a shares of the plan, will be diluted Hong Kong stock market 　　In particular, HSBC has been listed in 5 regions of the World (London, Hong Kong, New York, Paris, Bermuda), the London market has been trading more active than Hong Kong equities, once HSBC in the same time zone and trading session of HKEx listing, HKEx will be threatened. Andrew Sheng: Both Hong Kong and Shanghai have benefited from the market's concern about the impact of HKEx's business and the stock exchange's share price has plummeted recently. 　　In this respect, Mr Andrew Sheng, the former chairman of the SFC and the chief advisor of China Banking Regulatory Commission, said easily, "the opening of an international board on the Shanghai Stock Exchange will benefit everyone (SSE and HKEx)." Industry and academia all mean, SSE "International board" year is unlikely to launch. In the case of HKEx, although it may be affected by the "diluted" effect, in the long run, as long as the mainland capital market speeds up the pace of opening up, mainland funds will be freer to enter and exit the Hong Kong exchange, and Hong Kong stocks will benefit from more losses. 　　And with the implementation of CEPA and the semi-opening of Hong Kong stocks, "HSI etf" listed in SSE, I believe will attract more mainland funds to build good Hong Kong stocks. " There is no timetable for the landing of a shares and the exchange control on the Shanghai Stock Exchange performance of the hot, on different occasions publicly expressed, on the SSE International board has been a strong interest. 　　Prior to the news, HSBC in 2008 has set up a study on China's listing of the Working Group, including the former deputy chairman of the China Securities Regulatory Commission, Smillen vice chairman of the HSBC, to study the technical arrangements involved in the listing in Shanghai. Smillen, a member of the International Advisory Committee of Shanghai's International financial centre, said in Shanghai in Thursday that HSBC was willing to come to the mainland, and that the specific progress of the listing is currently fully grasped by the SSE and CSRC, and HSBC cannot give a timetable for its listing on the Shanghai Stock Exchange.