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As Ecns.cn reports, the London Stock Exchange has expressed an interest in creating a stock-trading link with the Shanghai Stock Exchange, similar to the one between Shanghai and Hong Kong, to tap into opportunities as China's capital markets continue to open up. "We are working on it and trying to understand what might be involved," Nicolas Bertrand, head of equity and derivative markets of the London Stock Exchange Group, told a press briefing in Beijing.
... Jon Edwards, its deputy head of primary markets and emerging markets, said the British exchange certainly sees opportunities for Chinese companies listing their overseas assets in London, under the government's "Belt and Road Initiative", which aims at reviving the ancient Silk Road trading routes. ... To take advantage of London's status as the largest yuan market outside the Chinese mainland and Hong Kong, the bourse is also aiming to launch more yuan-denominated trading products. There are 32 yuan-denominated bonds, also known as dim-sum bonds, worth $35.9 billion currently traded in London. Five exchange-traded funds that track Chinese A shares have also been launched and more are expected to offer investors greater exposure to the booming Chinese stock market. Comments are closed.
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