Shanghai And Hong Kong Through The Opening Of The Gate Several Months, Shenzhen And Hong Kong Is Also Coming Soon.

On January 5th, Premier Li Keqiang of the State Council said in his visit to Shenzhen that there should be a deep link between Hong Kong and Shanghai after the passage of Shanghai and Hong Kong.

The news added an optimism to the A share market. The Shanghai Composite Index and Shenzhen stock index rose by 3.58% and 4.59% respectively. Some of the low valuation SSE constituent stocks took the lead in the market, mainly in the industries of low value liquor, home appliances, real estate and so on.

Insiders expect that the Shenzhen Hong Kong link will be opened in 2015, which will further promote the internationalization of the capital market. The shares of the Shenzhen Stock Exchange are estimated to be dominated by constituent stocks in the main board of Shenzhen, which will also strengthen the market of "28 divisions", and the blue chips will continue to strengthen.

There is a further downward pressure.

On the Shanghai stock exchange in 2014

After an important step, the Shenzhen Stock Exchange (hereinafter referred to as the Shenzhen Stock Exchange) is also unwilling to lag behind. Recently, Wu Li Jun, director of the Shenzhen Stock Exchange, said that one of the important deployments in 2015 was to steadily open up the outside world, to promote cooperation between Shenzhen and Hong Kong, and actively explore the construction of cross-border platforms, to support the "one belt and one way" national strategy and to improve the level of internationalization of the market.

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The launch date of Ping An Securities is expected in the four quarter of 2015.

Ping An Securities believes that the introduction of Shenzhen Hong Kong Tong or the internationalization of Shenzhen stock valuations will have a greater impact on the small and medium sized boards and gem. The assets that are scarce in both Hong Kong and Shenzhen will benefit, while the high valuation varieties may have a negative impact.

The openness of the market will have a greater impact on the investor structure and investment style of the mainland capital market. The internationalization of the A share valuation system and the internationalization of the securities research will gradually accelerate.

Investor Wen Wen Na told reporters that the Shenzhen Hong Kong link is expected to be implemented in the next year, and the Shenzhen stock exchange investment target needs to maintain the same standard of screening with Shanghai stock market. Taking market value, index and two places listing as a consideration, it is believed that the majority of SME board enterprises will not be approved in the first batch of approved Shenzhen Hong Kong pass list.

However, in the opening of Shenzhen and Hong Kong, the new part or expansion will be introduced to avoid overlapping.

Tang Zipei, an analyst at Orient Securities, believes that the follow-up of Shenzhen Hong Kong Tong is more conducive to the connection between A share market and H-share market.

From the perspective of liquidity and valuation system, the future will be conducive to the long-term development of the two cities.

Moreover, from the target, it also has some complementarity, which expands the investment scope of A share and H-share investment.

After the opening of Shenzhen and Hong Kong, the domestic market and the international market will be deeply integrated to enhance the level and level of opening up.

At present, Shanghai stock shares range from the Shanghai stock index 180, the Shanghai Stock Exchange 380 index constituent stocks and the two listed A+ H-share companies.

Many people in the industry believe that if Shenzhen Hong Kong Tong is modeled on Shanghai Hong Kong Tong, the initial stock selection scope of Shenzhen Stock pass pilot will be taken from Shenzhen stock index 100, Shenzhen stock index 300 Index constituent stocks and A+H shares listed on both sides.

Wu Guoping, chairman of Guangdong Yu Rong Cci Capital Ltd, said that Shenzhen Hong Kong Tong will continue to accelerate the internationalization of A shares, and in the distant future, it will become possible to invest in the United States and other markets in China.