XPeng added to Hong Kong-Mainland stock connect, effective today
XPeng Motor $XPENG-W(09868.HK$ $XPeng(XPEV.US$ shares traded in Hong Kong have been included in a mechanism that connects the Hong Kong and mainland stock markets, thus allowing mainland Chinese investors to buy them.
The Shenzhen Stock Exchange announced today that it has adjusted the list of Hong Kong-Mainland Stock Connect stocks to include XPeng Hong Kong shares, with effect from today.
The stock linking mechanism was launched in November 2014 to facilitate investors from Hong Kong and the mainland to buy each other's stocks.
With access to the list, mainland Chinese investors will be able to trade their shares more easily, although investors with securities account assets of more than RMB 500,000 will only be eligible to participate in the mechanism.
XPeng began listing in Hong Kong on July 7, 2021 and has accumulated a 16 percent decline so far.
In addition to XPeng, its local counterpart Li Auto is also expected to be included in the facility next month.
CITIC Securities, one of China's top brokerages, expected Li Auto to be included in the Hong Kong-Mainland Stock Connect around March 14 in a report last month.
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