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Transaction volume of SH-HK stock connect hits 29b yuan

Updated: Nov 25,2014 3:00 PM

The transaction volume of the Shanghai-Hong Kong Stock Connect reached just over 29 billion yuan in the first week after its official launch, according to latest statistics from the China Securities Regulatory Commission.

Nearly 90 percent of trading came from Hong Kong investors targeting mainland shares.

However, enthusiasm was less keen from the other side, with only 13 percent of transactions flowing to Hong Kong’s share market. CSRC officials say the transaction system as well as the clearing system both worked normally. Cross-border fund transfers as well as currency exchanges were completed within their deadlines.

The CSRC also says that individual investors in the Shanghai-Hong Kong Stock Connect can exchange their currencies at similar rates as institutional investors.