China to Broaden Stock Connect Program to Incorporate Swiss, German Exchanges

China is planning to expand a program linking the Shanghai and London stock exchanges to incorporate bourses in Shenzhen, Switzerland and Germany as part of continuing efforts to open China’s capital markets and “facilitate cross-border investment and financing,” the country’s securities regulator said in a statement.

Launched in 2019, the Shanghai-London Stock Connect scheme allows eligible companies listed either on the Shanghai or the London exchange to issue depositary receipts — which represent ownership of their shares — on the other bourse.