A trading link between the Shanghai and London stock exchanges will open by the end of the year, said China’s central bank yesterday, as part of the country’s commitment to opening-up its financial sector.
British Chancellor of the Exchequer Philip Hammond said that the exchange link will “provide UK businesses, savers and investors with unique access to exciting new investment opportunities in China,” the Financial Times reports.
As a further sign of the country’s willingness to liberalise its markets, the China Securities Regulatory Commission also announced yesterday that the daily quota of China A-shares that can be bought in Hong Kong will be raised from RMB13 billion ($2.1 billion) to RMB52 billion.
A group of A-shares, those listed on mainland stock exchanges, are due to be included in MSCI’s emerging markets index later in the year, giving passive traders from around the world the opportunity to invest in Chinese companies.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved