Caixin
Dec 20, 2021 08:53 PM
FINANCE

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

Over the past three years, China has accelerated the opening-up of its financial sector, giving foreign investors greater access to its capital market. Photo: VCG
Over the past three years, China has accelerated the opening-up of its financial sector, giving foreign investors greater access to its capital market. Photo: VCG

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.

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