2019年CRI Shanghai-London Stock Connect launched

 

The Shanghai-London Stock Connect has opened for trading as brokerage Huatai Securities became the first Chinese company to go public in Britain via the long-awaited program.

Under the new system, companies listed in Shanghai can now raise funds on the London Stock Exchange via Global Depositary Receipts issuance, while British companies can issue China Depositary Receipts on the Shanghai Stock Exchange.

The China Securities Regulatory Commission said this marks a crucial step in the opening up of China's capital market and in the China-Britain cooperation in the financial sector¹.

City of London Corporation Policy Chair Catherine McGuinness described the stock connect as a game changer for bilateral² financial cooperation.

"The hugely ambitious Shanghai-London stock connect has been one of the most highly anticipated bilateral initiatives in recent years. It could prove to be a gamechanger in deepening UK-China financial cooperation and expanding access to China's capital markets."

She noted³ that it would be of far-reaching significance to expand channels for cross-border investment and fund-raising and boost the development of both countries' capital markets.

"Linking one of the world's largest capital markets with one of the world's most international financial centres is good news for the UK, China and the wider global economy. It means global investors⁴ can now benefit from China's growth through London, while UK listed companies are able to access Chinese investors directly," said Catherine McGuinness.

Currently, the quota⁵ for eastbound business is set at 250 billion yuan, while that for westbound business stands at 300 billion yuan.

China and Britain agreed to carry out a feasibility study on a stock connect between London and Shanghai during the 7th China-Britain Economic and Financial Dialogue in 2015.

1 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

2 bilateral   

adj.双方的，两边的，两侧的

参考例句：

• They have been negotiating a bilateral trade deal.他们一直在商谈一项双边贸易协定。
• There was a wide gap between the views of the two statesmen on the bilateral cooperation.对双方合作的问题，两位政治家各自所持的看法差距甚大。

3 noted   

adj.著名的，知名的

参考例句：

• The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
• Jim is noted for arriving late for work.吉姆上班迟到出了名。

4 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

5 quota   

n.（生产、进出口等的）配额，（移民的）限额

参考例句：

• A restricted import quota was set for meat products.肉类产品设定了进口配额。
• He overfulfilled his production quota for two months running.他一连两个月超额完成生产指标。