Caixin
Oct 19, 2018 06:23 PM
FINANCE

HSBC May Become First Foreign Firm to List in China

A Swiss International Air Lines aircraft flies past HSBC's London headquarters in February 2015. Photo: VCG
A Swiss International Air Lines aircraft flies past HSBC's London headquarters in February 2015. Photo: VCG

*Europe’s largest bank could be the first foreign company to issue Chinese depositary receipts as part of the London-Shanghai Stock Connect

*An analyst said that the significance of this move will mostly be symbolic for HSBC, as it will “really help in terms of branding”

(Beijing) — Banking giant HSBC Holdings could become the first foreign company to list its shares in China under an initiative to link the London and Shanghai stock exchanges, giving the 153-year-old lender an opportunity to return to its roots.

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