Saxo Bank has added China A-shares to its global multi-asset offering. It 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.
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, which allows international and Mainland Chinese investors to trade securities in each other’s markets.
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 program.
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 further added: “China is the greatest growth story of our century and the appetite among investors to access this growth through capital markets is significant. Investors have been somewhat underweight in their exposure to Chinese stocks and coupled with the recent addition of Chinese A-shares to the MSCI emerging market index, interest in these shares is increasing.”
Saxo Bank clients enjoy one of the most competitive commission rates for trading financial instruments on the market, which will apply to China A-shares from today.
The addition of China A-shares further strengthens Saxo Bank’s foundations as a provider of unparalleled access to global capital markets.