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Thursday, December 06, 2018, 23:16
Shenzhen-HK stock connect turnover exceeds 4t yuan
By Xinhua
Thursday, December 06, 2018, 23:16 By Xinhua

Leung Chun-ying (5th right), then chief executive of Hong Kong Special Administrative Region, and  Chow Chung-kong (4th left), then chairman of Hong Kong Exchanges and Clearing, jointly beat the gong to mark the launch of the Shenzhen-Hong Kong Stock Connect, the second link between the inland and Hong Kong bourses, in Hong Kong, Dec 5, 2016. (WANG SHEN / XINHUA)

BEIJING - Two years after its launch, the Shenzhen-Hong Kong stock connect program has become an important platform for global investors to access Chinese mainland's A-share market.

As of Dec 5, the program's two-year anniversary, the total turnover through the stock connect reached 4.15 trillion yuan

As of Dec 5, the program's two-year anniversary, the total turnover through the stock connect reached 4.15 trillion yuan (about US$605 billion), data from the Shenzhen Stock Exchange showed.

Net purchases through northbound trading, or money invested from Hong Kong into the Chinese mainland, reached 266.84 billion yuan, while net purchases through southbound trading totaled 156.54 billion yuan, resulting in net capital inflows into the Chinese mainland of 110.3 billion yuan, the data showed.

READ MORE: HK-Shenzhen connect sees turnover of US$195b in first year

Northbound trading has been particularly active since global index provider MSCI included some Chinese A-shares in its widely tracked indices on May 31.

Global investors have been increasingly bullish on stocks listed in Shenzhen, particularly small-cap growth stocks, the data showed.

China has been stepping up efforts opening its financial sector wider to the world, with stock and bond connect programs allowing global investors to access its growing capital market.

ALSO READ: HKMA welcomes increase in stock connect quotas

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