The Stock Connection makes its debut on the financial markets today, the awaited integration between the "Chinese" stock exchanges, those of Hong Kong and that of Shanghai which will be able to freely exchange shares with a daily transaction flow of 3,8 billion dollars which makes overall the first stock market in Asia and the third in the world.
Expectations for the debut and its effects on the international financial markets are strong, even if there are fears for the technical functionality of the operations from day one.
In figures, the Hong Kong market, with its 1.643 listed companies, has a capitalization of 3.146 billion dollars, while Shanghai, with 984 companies, has a stock market value of 2.869 billion. Together they will surpass the Tokyo Stock Exchange, which was until now the third largest in the world and promise to grow further by attracting investors from all over the world.
From today, Hong Kong investors will be able to sell or buy shares in yuan more easily as well as those in Shanghai will be able to freely buy Hong Kong shares.
It will be interesting to see the repercussions that the Hong Kong model of governance, expertise and rules of the game will have on Shanghai.
A very positive sign of the interest with which the marriage between the two Stock Exchanges, blessed by Chinese President Xi Jinping and Premier Li Kequiang, is viewed is the announcement by Alibaba, which had previously only been listed on Wall Street, that it soon to list the Alipay payment platform in China, which is the most important asset of all Chinese e-commerce.
