Advertisement
HKEX
BusinessBanking & Finance

Standard Chartered, Swire Pacific, L’Occitane, Samsonite available to mainland China traders this month as Stock Connect expands

  • Investors in mainland China will have access to about 80 more Hong Kong-listed stocks, including some international firms, starting March 13
  • The expansion of the Stock Connect scheme will also allow international investors to trade in 40 per cent more A-shares

Reading Time:2 minutes
Why you can trust SCMP
A night view of Hong Kong’s Central district. Stocks of international firms listed in the city’s exchange will be available to mainland China investors starting on March 13. Photo: Shutterstock
Enoch Yiu
Standard Chartered, Swire Pacific, L’Occitane and Samsonite are among about 80 companies whose stocks will be accessible to mainland China traders starting this month, as the market operators of Shanghai, Shenzhen and Hong Kong expand their cross-border trading schemes.
Advertisement
In addition to French skin care company L’Occitane and US luggage maker Samsonite, Australia-based miner Yancoal Australia and Cambodian casino operator NagaCorp are the first Hong Kong-listed international companies to be added to the so-called southbound Stock Connect list. With effect from March 13, mainland investors will be able to trade those stocks via their brokers in Shanghai and Shenzhen, according to an announcement by the three bourses on Friday.
London headquartered-lender Standard Chartered and British conglomerate Swire Pacific’s B shares are also included, as they were added to the Hang Seng Composite Index last week.

The northbound route will also expand, allowing international investors to trade 40 per cent more A-shares, also effective from March 13. The Shanghai Stock Exchange named 598 additional A-shares, while its Shenzhen peer added 436 more, bringing the total number of A-shares available to international investors to 3,623.

Luggage is displayed in the window of a Samsonite store in New York in 2017. The US suitcase maker’s stock will be available to mainland China traders starting this month. Photo: Bloomberg
Luggage is displayed in the window of a Samsonite store in New York in 2017. The US suitcase maker’s stock will be available to mainland China traders starting this month. Photo: Bloomberg
“The expansion of both the southbound and northbound Stock Connect to include more companies is great news for the market and for investors,” said Nicolas Aguzin, CEO of Hong Kong Exchanges and Clearing (HKEX) in a statement on Friday. “This is the next significant milestone development in the continued evolution of this unique and successful mutual market access programme.”
Advertisement

Brokers describe the expansion as comprehensive.

Advertisement