U.K.'s Hammond Hails Start of London-Shanghai Stock Connect
This article is for subscribers only.
U.K.-listed companies will be able to sell shares in China starting Monday as a new London-Shanghai stock link opens for business. It will be the first time foreign companies are able to list in mainland China, the U.K. government said in a statement.
“Stock Connect is a ground-breaking initiative, which will deepen our global connectivity as we look outwards to new opportunities in Asia,” U.K. Chancellor of the Exchequer Philip Hammond will say as he launches the initiative’s first day of trading at the London Stock Exchange.