China to revive Shanghai-London stock connect scheme amid escalating tensions with US

 

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China will push ahead with listings of domestic companies in London, as its seeks to move away from the US as a major source of overseas fundraising amid an escalation in tensions between the world’s two largest economies.

Beijing will resume reviewing applications by Chinese companies seeking to issue global depository receipts (GDR) on the London Stock Exchange (LSE) through a stock connect scheme with the Shanghai Stock Exchange, first reported by Reuters and confirmed by Yuan Talks with people familiar with the matter.

The scheme was launched last June, enabling certain companies listed . . .

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