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在线翻译:
szdaily -> Business_Markets -> 
London-Shanghai stock link imminent
    2018-05-23  08:53    Shenzhen Daily

THE long-awaited link between stock exchanges in London and Shanghai is close to becoming a reality, according to a London Stock Exchange Group (LSE) presentation, another step in China’s efforts to integrate with the international financial system.

The London-Shanghai Stock Connect will start later this year, allowing companies from China to sell global depository receipts in the United Kingdom and enabling London-traded firms to list similar securities in Shanghai, according to the LSE presentation. The securities issued by Chinese companies will appear on what LSE calls the Shanghai Board.

A link with London, which has been in the works since at least 2015, comes amid the Chinese mainland’s broader financial opening, which began with a stock connect to Hong Kong in 2014.

The U.K. tie-up will provide another avenue for overseas investors to buy Chinese shares and, unlike the Hong Kong connect, allow international businesses to list directly on an exchange on the Chinese mainland.

“This is a real step in the integration of China’s financial markets,” said Karine Hirn, partner at East Capital Asset Management in Hong Kong. “What’s exciting about this project is that it’s Chinese money going into Western companies.”

“A London listing allows China’s greatest companies to join a global peer group of the highest quality and gain unrivaled brand recognition,” LSE said in the presentation.

(SD-Agencies)

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