The Hong Kong Stock Exchange issued a notice saying that the adjustment of the items (real-time turnover) and items (daily quota balance) of northbound trading will be officially implemented on May 13 (Monday).
(Photo courtesy of Hero)
Northbound Fund Disclosure Welcomes Major Changes //
Previously, on April 12, the exchange issued a notice saying that it was ready to adjust the information disclosure mechanism of Shanghai-Shenzhen-Hong Kong Stock Connect, and the first stage was that the Hong Kong Stock Exchange would no longer disclose real-time trading information of Shanghai-Shenzhen Stock Connect, which was expected to be implemented in a month. Next Monday, May 13, as scheduled, ushered in major changes in the disclosure of northbound funds.
According to the previously released information, the adjustments to the disclosure of Northbound funds are mainly as follows:
1. The Hong Kong Stock Exchange has adjusted the real-time disclosure arrangement for trading information, and will no longer disclose the real-time buy transaction amount, sell transaction amount and total transaction amount of SSE Stock Connect; When the quota balance of SSE Stock Connect is greater than or equal to 30% on the day, "sufficient quota" will be displayed; When it is less than 30%, the quota balance will be announced in real time.
2. The Shanghai and Shenzhen Stock Exchanges will adjust the after-hours disclosure arrangement to: disclose the total trading volume and total number of Stock Connect, the total trading volume of ETFs, the list of the top 10 actively traded securities and their total trading volume after the market closes every day, and publish the summary of the above data on a monthly and annual basis. On the 5th trading day of each quarter, the total number of shares held by investors in a single security at the end of the previous quarter will be announced.
3. HKEX will make adaptive adjustments to information such as the number of HKSCC participants.
Net inflow of northbound funds into A-shares //
Wind data shows that since the opening of the Stock Connect on November 17, 2014, the total net purchase of A-shares by northbound funds has reached 1,847.388 billion yuan.
On an annual basis, in the past 11 years, northbound funds have also been net buyers for 11 consecutive years. Among them, from 2017 to 2021, the net purchase exceeded 100 billion yuan per year for five consecutive years.
After reaching a peak of 432.169 billion in 2021, it has fallen back, but it is expected to expand again this year. As of May 11, northbound funds have had a net inflow of 79.086 billion yuan this year, exceeding that of last year.
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