Caixin
Dec 04, 2018 06:28 PM
FINANCE

London-Shanghai Stock Link to Launch Next Week, State Media Reports

Huatai Securities, China’s fifth-largest brokerage by assets, was the first to receive approval to list through the program. Photo: VCG
Huatai Securities, China’s fifth-largest brokerage by assets, was the first to receive approval to list through the program. Photo: VCG

A program that will allow both Chinese mainland and U.K. companies to list on each other’s stock markets is likely to launch on Dec. 14, almost three years after it was first discussed, state media reported Tuesday.

A kick-off event for the London-Shanghai stock link will be held in London next week and will be accompanied by an announcement of a group of Chinese and U.K. companies that will be allowed into the program, according to the state-backed China Securities Journal. Trading through the program won’t start until after January.

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