Shanghai-London Stock Link Takes Step Closer to Launch

The Shanghai-London Stock Connect program, which the Chinese and British governments have been considering for about three years, is part of China’s effort to further open up its financial markets to foreign investors. Photo: IC

* Certain companies listed on the London Stock Exchange’s main board will be able to offer Chinese depositary receipts in Shanghai, while some firms traded on the main board in Shanghai will be able to sell global depositary receipts in London

* London-listed firms have received permission to issue Chinese depositary receipts only for their existing shares to prevent a siphoning off of funds from the A-share market

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