MPSC Selected as Shenzhen-Hong Kong Stock Connect Eligible Stock
Shanghai, China – On March 6, MicroPort Scientific Corporation ("MPSC") (HK: 853) was selected as Shenzhen-Hong Kong Stock Connect eligible stock, according to an announcement on the official website of Shenzhen-Hong Kong Stock Connect. It means eligible investors in the mainland can more easily trade MPSC stocks, which would attract more mainland investors to learn about the company's strategic development and investment opportunity.
Shenzhen-Hong Kong Stock Connect is a mutual stock market access mechanism between the mainland and Hong Kong under which Shenzhen Stock Exchange ("SZSE") and the Stock Exchange of Hong Kong Limited ("SEHK") have established technical connectivity to enable investors in the mainland and Hong Kong to trade eligible shares listed on the other's market through their local securities companies or brokers.
According to relevant rules, the scope of eligible shares of the Southbound Hong Kong Trading Link under Shenzhen-Hong Kong Stock Connect will be the constituent stocks of the Hang Seng Composite LargeCap Index and Hang Seng Composite MidCap Index, any constituent stock of the Hang Seng Composite SmallCap Index which has a market capitalization of HK$5 billion or above, and all SEHK-listed shares of companies which have issued both A shares and H shares. With the adjustment of the above mentioned indices, the eligible shares were changed accordingly and MPSC was included in the latest share list.
The establishment of Shenzhen-Hong Kong Stock Connect is a crucial step in breaking the barrier between the mainland and Hong Kong stock markets. It enables investors to better share the economic development results of the mainland and Hong Kong and satisfies investors' diversified needs for cross-border investment and risk management by further increasing the scale of mutual market access between the mainland and Hong Kong.
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