2023-03-05
classification：Company News
On March 3, the Shanghai Stock Exchange announced that, according to the relevant provisions of the Measures for the Implementation of the Shanghai-Hong Kong Stock Connect Business of the Shanghai Stock Exchange (Revised in 2023), the list of stocks of the Shanghai-Hong Kong Stock Connect (hereinafter referred to as the Hong Kong Stock Connect) will be adjusted, which shows that Global New Material International (06616. HK) has been transferred into the list of stocks of the Shanghai-Hong Kong Stock Connect and will take effect from March 13, 2023. Global New Material International (06616. HK), after being included in the Shenzhen-Hong Kong Stock Connect target for one year, was transferred into the list of stocks of the Shanghai-Hong Kong Stock Connect and became the interconnection stock of A-share and Hong Kong stock.
(Part of the screenshot of the “List of the first batch of newly transferred shares in the Shanghai Stock Connect and the Hong Kong Stock Connect”)
Since its listing on the main board of the Stock Exchange of Hong Kong in July 2021, the market value of Global New Material International has continued to increase, and its brilliant performance has been unanimously recognized by domestic and foreign institutions. It has successively won the awards of third-party authoritative institutions in the capital market, and was selected into the list of Shenzhen and Hong Kong Stock Connect under the Hong Kong Stock Connect in March 2022, laying the foundation for entering the Shanghai and Hong Kong Stock Connect.
It is reported that the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect are the interconnection mechanism of the Hong Kong, Shanghai and Shenzhen stock exchanges, enabling mainland and international investors to trade the securities of the other market through the trading and settlement systems of the local exchanges. The Hong Kong Stock Connect is a business for mainland investors to invest in Hong Kong stocks in the Shenzhen-Hong Kong Stock Connect and the Shanghai-Hong Kong Stock Connect. This time, being included in the list of Hong Kong shares under the Shanghai-Hong Kong Stock Connect means that mainland investors can buy and sell Global New Material International shares directly through the trading mechanism of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect from now on, which will help the company further expand its investor base and improve the liquidity of the stock, and improve the company’s popularity and influence in the capital market.
The inclusion in the Shanghai-Hong Kong Stock Connect is a reflection of the further improvement of the attention of the capital market and professional investors to Global New Material International, as well as the further recognition of the long-term investment value and future growth prospects of the company, marking that the company has entered a new era of two-way opening of the capital market. In the future, Global?New Material International will continue to make continuous efforts in the research and development, commercialization and internationalization of pearlescent materials, synthetic mica and new energy materials, further expand the larger market and development space, improve the comprehensive strength and brand advantages, and boost the high-quality development of enterprises. In addition, the company will also maintain transparency, timely disclose relevant information such as business dynamics and development strategies, fulfill its responsibilities to investors, and strive to create greater investment returns for shareholders.
