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By Wei Yiyang, Zhao Runhua / Mar 07, 2019 02:12 PM / Finance

The Chinese mainland should allow overseas investors to participate in activities in the primary and secondary markets of China’s new high-tech board, said the chief executive of the Hong Kong Stock Exchange, Charles Li (also known as Li Xiaojia). He presented the proposal during the high-level “Two Sessions” meetings of China’s National People’s Congress and Chinese People’s Political Consultative Conference.

International investor participation could improve the high-tech board’s liquidity and investor structure, Li said.

Overseas investors are less likely to follow mainland investors’ mania which pushes up stock prices, nor will they be easily discouraged from purchasing stocks when IPO prices are lowere than expectations, Li said.

By integrating the high-tech board with the Shanghai-Hong Kong Stock Connect program, which offers market accessibility to foreign investors, and setting up related block trading mechanisms, the proposal can be achieved, Li said.

Related: China’s High-Tech Board May Tap Almost $45 Billion

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