UK listed companies will be able to sell shares in China from today (17 June), with the launch of the London-Shanghai Stock Connect上海品茶工作室. This is the first time that any foreign company will be able to list in mainland China.爱上海龙凤419
Investors will be able to trade across London and Chinese time zones, allowing issuers from both markets to raise capital in the other market上海后花园论坛. It will mean UK listed companies can be traded by more investors, providing investors with greater choice.
There are almost 1500 companies listed in Shanghai, over 260 of which are potentially eligible to take part in Stock Connect and list in London. It is also estimated that China will reach over $17 trillion in assets under management (AUM) by 2030, having had $2.8 trillion AUM in 2016.上海新茶资源
The launch of Stock Connect is the centrepiece of today’s UK-China Economic and Financial Dialogue (EFD) which sees the Chancellor host Vice Premier Hu Chunhua and a Chinese delegation in London to discuss multilateral and bilateral economic issues, financial services cooperation, and trade and investment.
Launching Stock Connect’s first day of trading at the London Stock Exchange, Philip Hammond, Chancellor of the Exchequer will say:爱上海同城论坛
London is a global financial centre like no other, and today’s launch is a strong vote of confidence in the UK market.
The culmination of four years’ work, Stock Connect will mean, for the first time, that international investors will be able to access China A-shares from outside of Greater China, and through international trading and settlement practices上海新茶工作室联系方式. Stock Connect will not require any direct trading infrastructure links. Instead, it will allow companies to dual-list on both the Shanghai and London Stock Exchanges using Depositary Receipts (DRs).爱上海后花园
上海后花园论坛