China to expand Shanghai-London stock connect, to crack down on “fake foreign capital” via mainland-Hong Kong connect
China to expand Shanghai-London stock connect, to crack down on “fake foreign capital” via mainland-Hong Kong connect

China to expand Shanghai-London stock connect, to crack down on “fake foreign capital” via mainland-Hong Kong connect

 

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A stock connect scheme linking Shanghai and London will be broadened to include Shenzhen-listed companies, as well as capital markets in Germany and Switzerland, China's securities regulator said on Friday.

Under the current scheme, companies traded in Shanghai and London can list on each other's bourses by selling so-called depository receipts. Chinese companies can raise fresh capital, but UK-listed companies cannot and they are only allowed to issue Chinese . . .

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