It has been a long time coming and pretty soon it could be here a stock trading scheme linking Shanghai with London, some 9,000 kilometres away.
However, unlike its more established Shanghai-Hong Kong namesake, the Shanghai-London Stock Connect programme will only allow investors in each market to buy stocks indirectly in the form of depository receipts, a consultation paper shows.
Expected before the end of the year, Shanghai-London Stock Connect will enable investors in either country to invest in companies listed in the other, providing these companies have a secondary depositary receipt listing in place.
With Shanghai-Hong Kong Connect and its Hong...
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