Honorable Mr. Hu Chunhua, Secretary of the CPC Guangdong Provincial Committee
Mr. Ma Xingrui, Deputy Secretary of the CPC Guangdong Provincial Committee and Secretary of the CPC Shenzhen Municipal Committee
Mr. Xu Qin, Mayor of Shenzhen,
Honorable leaders and representatives from departments of the State Council,
Honorable Mr. Ashley Alder, Chairman of IOSCO,
Dear friends, colleagues and ladies,
Good morning! Today, we are here to witness the official launch of the Shenzhen-Hong Kong Stock Connect, a historical moment in the co-development of the capital markets of the Mainland and Hong Kong. On behalf of the CSRC, I'd like to extend my warmest congratulations on the launch of Shenzhen-Hong Kong Stock Connect and my sincere appreciation for the support from all relevant departments of the State Council, Guangdong Provincial Government, and Shenzhen Municipal Government in the preparation for the Connect program. The Shenzhen-Hong Kong Stock Connect, building on the success of the pilot Shanghai-Hong Kong Stock Connect, is another strategic decision by the CPC Central Committee closely united around Comrade Xi Jinping to further open up the Chinese financial market and a solemn commitment announced in the 2016 Government Work Report. Under the leadership of the CPC and the State Council, today, the financial departments of China delivered on our commitment.
The past 26 years' development of the Chinese capital markets is vivid proof that only by unswervingly opening up can we steer the market development in the market-oriented, law-based, and international direction, can we truly improve the capacity of the Chinese capital markets to serve the real economy, and can we truly elevate the international competitiveness of the Chinese capital markets.
The two-year-old Shanghai-Hong Kong Stock Connect and the newly-launched Shenzhen-Hong Kong Stock Connect fully embody the support and high value attached by the CPC Central Committee closely united around Comrade Xi Jinping to cementing and promoting Hong Kong as an international financial center.
Amid the uncertainties and instabilities in the global financial arena, the Shenzhen-Hong Kong Stock Connect will inject positive energy, confidence, and trust into the financial markets both home and abroad. The two Connect programs are like two running rivers which bring together capital, technology, information, wisdom, and culture of the Mainland and Hong Kong to contribute to the economic development in the Mainland, Hong Kong, and the world. Financial regulators on both markets will collaborate closely to further strengthen market regulation and intensify enforcement against market manipulation and all types of cross-border market misconducts, and to effectively protect the lawful rights of investors from the Mainland, Hong Kong, and the world.
At this very moment, my heartfelt thanks go to the stock exchanges and clearing institutions of the Mainland and Hong Kong, as well as all the institutions and colleagues that were involved in the preparation. All of you have made tremendous efforts to ensure the successful launch of Shenzhen-Hong Kong Stock Connect. In addition, special thanks to all the leaders and guests who are here today, whose concern and support are indispensable to the reform and development of the capital market. Lastly, I wish all the success to Shenzhen-Hong Kong Stock Connect today and beyond.