LSE opens up UK stockmarket to Hong Kong firms

The London Stock Exchange and Hong Kong's Securities and Futures Commission have reached a deal allowing Hong Kong investors easier and cheaper access to UK-quoted companies than ever before.

Until now, investors based in Hong Kong could only access UK shares through a UK broker, adding an extra layer of fees to their trades. From now on, the LSE Group will allow Hong Kong firms to become members of the London Stock Exchange, allowing them to use their own broker and buy shares more easily and cheaply. The move further strengthens the UK's ties with the world's second largest economy, something the LSE Group has been building on since January 2014. Since then it has admitted seven new Chinese companies onto the stock exchange and added fixed income and tracker funds den...