Page 84 - 2024 Special Report on the State of Business in South China
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her level of bilateral market opening in the REITs
sector in Shenzhen and Hong Kong.
According to the statistical data of the SZSE, Cross-boundary investments and financing
since the launch of the Shenzhen-Hong Kong
Stock Connect and up till the end of 2022, the total As one of the few areas in the mainland
transaction volume has been RMB47.26 trillion for that initiated the early and simultaneous
the northbound. The same for the southbound was development of Qualified Foreign Limited
HK$13.48 trillion. The daily average transaction Partnership (QFLP) and Qualified Domestic
volume for the northbound grew from RMB1.541 Limited Partner (QDIE), Shenzhen, by now,
billion in the first month to RMB62.461 billion has foreign-invested enterprises with unique
in June 2023, a growth of 39.53 times. The daily characteristics and leveraging effects after years
average transaction volume for southbound of stable development. This has made critical
grew from HK$509 million in the first month to contribution in attracting foreign enterprises
HK$13.586 billion in June 2023, a growth of 25.69 with global influence, especially Hong Kong
times12. Overall, the northbound transactions are enterprises, to establish their presence in
relatively more active. Shenzhen, which has supported the social and
economic developments in the city.
12 Shenzhen Stock Exchange Transaction Infor-
mation for the Shenzhen-Hong Kong Connect
84
sector in Shenzhen and Hong Kong.
According to the statistical data of the SZSE, Cross-boundary investments and financing
since the launch of the Shenzhen-Hong Kong
Stock Connect and up till the end of 2022, the total As one of the few areas in the mainland
transaction volume has been RMB47.26 trillion for that initiated the early and simultaneous
the northbound. The same for the southbound was development of Qualified Foreign Limited
HK$13.48 trillion. The daily average transaction Partnership (QFLP) and Qualified Domestic
volume for the northbound grew from RMB1.541 Limited Partner (QDIE), Shenzhen, by now,
billion in the first month to RMB62.461 billion has foreign-invested enterprises with unique
in June 2023, a growth of 39.53 times. The daily characteristics and leveraging effects after years
average transaction volume for southbound of stable development. This has made critical
grew from HK$509 million in the first month to contribution in attracting foreign enterprises
HK$13.586 billion in June 2023, a growth of 25.69 with global influence, especially Hong Kong
times12. Overall, the northbound transactions are enterprises, to establish their presence in
relatively more active. Shenzhen, which has supported the social and
economic developments in the city.
12 Shenzhen Stock Exchange Transaction Infor-
mation for the Shenzhen-Hong Kong Connect
84
