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Long-awaited London-Shanghai share listing project goes live

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Companies listed in Britain will be able to sell shares in China on Monday with ...

FILE PHOTO: People check their mobile phones as they stand outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls/File Photo

Under the Connect scheme, Shanghai-listed companies can raise new funds via London’s stock market while British companies can broaden their investor base by selling existing shares in Shanghai. Huatai Securities Co Ltd then effectively launched Connect earlier this month with the announcement of plans to raise money on the London Stock Exchange .

From Monday, London investors will have the opportunity to trade Global Depositary Receipts in Huatai.

 

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