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Shanghai-London stock connect kicks off, bond connect in plan

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The Shanghai-London Stock Connect program launched Monday and financial regulators of the two countries pledged to speed up a bond connect scheme, representing China's latest move to open up its capital markets.

The program allows certain companies listed either on the Shanghai Stock Exchange or the London Stock Exchange to issue depositary receipts, which represent ownership of their shares, on the other bourse. Investors can buy these receipts to gain exposure to companies listed elsewhere.

UK-listed firms . . .

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