HSBC chairman floats ‘IPO connect’ for Hong Kong, Shenzhen ahead of China’s ‘two sessions’

South China Morning PostCenter-RightEN 2 min read 100% complete by Julie ZhangMarch 3, 2026 at 11:30 AM

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HSBC Asia-Pacific chairman Peter Wong proposed an "IPO connect" scheme between Hong Kong and Shenzhen ahead of China's "two sessions" meetings. The proposal suggests allowing mainland Chinese and Hong Kong investors to participate in IPOs across both markets. Wong, also a member of the CPPCC, believes this would deepen financial collaboration within the Greater Bay Area and promote yuan internationalization. The proposed scheme would build upon existing Stock Connect mechanisms and Beijing's decision to allow secondary listings in Shenzhen for Hong Kong-listed mainland companies. The annual "two sessions" meetings, starting this week, are expected to address China's development roadmap through 2030.

Key Entities & Roles

Key Player Opposition Context

National People’s Congress (NPC) 50% Chinese People’s Political Consultative Conference (CPPCC) ×260% Stock Connect ×260% China 70% HSBC 70% Greater Bay Area ×370% Shenzhen ×580% Hong Kong ×680% Peter Wong Tung-shun ×290%

Keywords

ipo connect 100% greater bay area 90% initial public offerings 80% shenzhen 70% hong kong 70% stock connect 60% financial collaboration 60% two sessions 50% yuan internationalisation 50% capital market 40%

Sentiment Analysis

Positive

Score: 0.30

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South China Morning Post

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Center-Right (0.50)

Far LeftCenterFar Right

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90%

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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ipo connect greater bay area initial public offerings shenzhen hong kong stock connect financial collaboration two sessions yuan internationalisation capital market

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