深港通 (shenggangtong): Shenzhen-Hong Kong Stock Connect program

Promoting financial reform to better serve the real economy is crucial to China's deepening reform. In the Government Work Report 2015, Premier Li Keqiang said the Shenzhen-Hong Kong Stock Connect program, one of the key tasks of financial reform, will be launched at an appropriate time. After the successful launching of the Shanghai-Hong Kong Stock Connect program in 2014, it is expected the Shenzhen-Hong Kong Stock Connect program will be launched later this year. Under this program, the Shenzhen Stock Exchange and Hong Kong Exchanges and Clearing Limited will allow eligible listed shares to trade on the other market.

Zhou Xiaochuan, governor of the People's Bank of China, said on Thursday that the Shanghai-Hong Kong Stock Connect program represents significant progress in the mainland's financial market. While the Shanghai-Hong Kong Stock Connect program provides a solid foundation for the Shenzhen-Hong Kong Stock Connect program, the authorities will consider how to enable the market play a more important role in the distribution of resources in the system design of the Shenzhen-Hong Kong Stock Connect program.