Posted 3/11/2024, 8:00:13 AM
Hong Kong Proposes Lowering Stock Connect Investment Threshold to Attract More Mainland Funds
- Hong Kong securities regulator proposes lowering Stock Connect investment threshold by 80% to 100,000 yuan to attract more mainland Chinese funds
- Aims to lift Hong Kong stock market turnover and sentiment amid foreign investor outflows
- Mainland traders now contribute 30% of daily turnover versus 3% in 2015
- Also proposed slashing mainland's 20% dividend tax to boost appeal of Hong Kong stocks
- Suggested allowing cross-border investment consulting under Wealth Connect scheme and mutual recognition of licenses