China Aiming for Shanghai-London Trading Link This Year

Policy makers will also raise the daily stock connect quotas
Changes come amid broader package of financial opening

A visitor waves a Chinese flag and a Union flag, also known as a Union Jack, at a youth festival exhibition attended by Theresa May, U.K. prime minister, not pictured, at Wuhan university in Wuhan, China, on Wednesday, Jan. 31, 2018. May arrived in China seeking to balance her desire to build a powerful post-Brexit trade relationship with a clutch of political concerns.Photographer: Chris Ratcliffe/Bloomberg

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By Bloomberg News

April 11, 2018 at 2:51 AM UTC

Updated on

April 11, 2018 at 12:10 PM UTC

This article is for subscribers only.

China is aiming to start a stock trading tie-up between Shanghai and London this year, according to a top official, creating a system that would give investors in the world’s most populous country direct access to shares listed in the U.K.

The timing was announced by People’s Bank of China Governor Yi Gang at a panel discussion during the Boao Forum for Asia on Wednesday, unveiled as part of a broader package of policies that will further open up the nation’s financial sector. The program with London Stock Exchange Group Plc would be the third system to give foreigners access to the mainland equity market, the world’s second biggest by value. A link between Shanghai and Hong Kong started in November 2014, and a connect between the former British colony and Shenzhen’s bourse opened in December 2016.