중국 상하이 홍콩 주식교차거래(후강퉁)에 관한 연구

The Hong Kong Securities and Futures Commission and China Securities Regulatory Commission made a Joint Announcement regarding the in-principle approval for the Shanghai-Hong Kong Stock Connect for the establishment of mutual stock market access between Mainland China and Hong Kong. The overseas investors will now have to buy the Chinese currency in order to invest in the linked market. Paving the way RMB internationalization. Hong Kong and overseas investors will be allowed to trade Shanghai Stock Exchange Securities through Shanghai-Hong Kong Stock Connect, only Mainland institutional investors. Those individual investors who satisfy the eligibility criteria can invest whoever hold an aggregate balance of not less than RMB 500,000 in their securities and cash accounts Authorities have imposed a ceiling on turnover amounting to $2.2 billion for investors in Hong Kong. The ceiling in the case of investors in Mainland China has been set at $1.8 billion. The linking of stock markets will take the growth of offshore RMB business in Hong Kong to "new heights". China has taken several measures including offering soft loans and aiding to several countries in its own currency to make Yuan a widely used international currency. The linked market will act as a channel for the Yuan to flow from the Mainland China to Hong Kong, be invested in the offshore market and flow back to the Mainland.