Saxo Bank adds China A-shares 20 June 2018Shanghai Reporter: Jenna Lomax
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Saxo Bank has added China A-shares to its global multi-asset offering.
Saxo Bank clients are able to trade A-shares listed on the Shanghai and Shenzhen stock exchanges. Access will be enabled via the Hong Kong Stock Connect link, a collaboration between the Hong Kong, Shanghai and Shenzhen Stock Exchanges.
This will allow international and Mainland Chinese investors to trade securities in each other's markets.
The offering will be available in all Saxo Bank’s markets, apart from the UK and Japan, which will see a roll out at a later stage.
Chinese A-shares were recently added to the MSCI Emerging Markets index as regulators quadrupled the daily quota available for trading through the Stock Connect programme.
According to Saxo Bank, the addition of China A-shares further strengthens its foundations as a provider of access to global capital markets.
Commenting on the launch, Kim Fournais, CEO and founder, Saxo Bank, said: “The addition of China A-shares strengthens our multi-asset offering for traders and investors and gives our clients access to some very interesting investment opportunities.”
He added: “The launch is a major milestone in building the product range which will make Saxo Bank a leading “gateway” to investments in Chinese markets. China is the greatest growth story of our century and the appetite among investors to access this growth through capital markets is significant.”
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