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Primary Equity Connect – the next step in the mutual market program?



Summary: With the launch of the Shanghai Connect in November 2014 and the Shenzhen Connect in December 2016, the Mainland-Hong Kong Mutual Market was born .Today, the mutual market platform is limited to secondary equity market trading and both Chinese and international investors are barred from the primary equity market on the other side. Depriving investors of investment opportunities from initial public offers (IPO) across the border and hinders the pooling of liquidity in the Mutual Market to support its function in fund raising.


Primary Equity Connect (PEC) proposed by HKEX in its 2016-2018 strategic plan would provide a breakthrough opportunity to help complete the mutual market connectivity and enhance the international dimension of both the Mainland and Hong Kong market and beyond.


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