In the News: Shanghai-London Stock Connect; China-Singapore FTA; and Protection for Entrepreneurs
November 13, 2018 | BY
Jacelyn JohnsonTop CSRC official said Shanghai-London Stock Connect will launch by year's end; China and Singapore sign agreement to upgrade Free Trade Agreement; and the Supreme People's Court plans new guidelines to separate commercial disputes from economic crimes.
Shanghai-London Stock Connect to Launch Soon
China Securities Regulatory Commission (CSRC) vice chairman Fang Xinghai recently said that the Shanghai-London Stock Connect Program is expected to launch by the end of this year, as part of China's efforts to further accelerate the opening up of its capital markets. This scheme will allow stocks listed in London and Shanghai to be traded in each other's markets using depository receipts.
The Shanghai-London stock connect scheme will allow London-listed companies to issue Chinese Depository Receipts (CDR) in Shanghai backed by existing shares, while Shanghai-listed companies may issue Global Depository Receipts in London.
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