The Shenzhen-Hong Kong Stock Connect is scheduled to open on Monday, a development that market analysts said will greatly boost the Hong Kong capital market by guiding capital from the Chinese mainland and overseas sources into Hong Kong.
The program covers about 880 A shares (listed in Shenzhen Stock Exchange) and 417 H shares (listed in Hong Kong), representing 71 percent of the Shenzhen market's capitalization and 87 percent of its Hong Kong counterpart.
The Shenzhen-Hong Kong Stock Connect will see more capital flowing into Hong Kong, compared with the amount flowing into the mainland, news portal cs.com.cn reported Friday, citing Guangfa Securities analyst Chen Jie.
Chen estimated that 400 billion yuan ($58.12 billion) to 500 billion yuan may flow into the Hong Kong market in 2017.
