Russia’s second largest exchange plans to list 500 Hong Kong stocks next year

Russia’s second-largest exchange, the St. Petersburg Stock Exchange (SPB), plans to offer more trading of Chinese and Hong Kong stocks next year, while expanding trading of Indian, Brazilian and South African stocks in Russia. Romen Goryunov, CEO of SPB Exchange, said that in 2023, it is planned to allow more than 500 shares of Chinese companies listed in Hong Kong to be listed on SPB Exchange, while stocks of listed companies in India, Brazil and South Africa will also increase. SPB is a Russian stock exchange specialized in foreign stock trading. It noted that the number of registered customers on the exchange has grown by 28% this year, but trading volumes have fallen sharply. | Related reading (Financial Association)

Bing Dan

Since Russia started its war of aggression against Ukraine, sanctions from Europe and the United States may be the most deadly to Russia in the investment field and financial market. Needless to say, the impact of being kicked out of SWIFT, SPB, a Russian company specializing in foreign stocks Trading volumes on the stock exchanges that are traded are in sharp decline, and it is even more difficult for Russian investors to invest in foreign stocks.

I can understand why SPB has now announced that it plans to provide more Chinese Hong Kong stock trading next year, and at the same time expand the trading of Indian, Brazilian and South African stocks in Russia. After all, these countries are relatively “friendly” and can take the opportunity to restructure domestic investment and Financial market.

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