Regulators okay Shanghai-London Stock Connect scheme

MoU between FCA and China Securities Regulatory Commission

Mike Sheen
clock • 2 min read

The Financial Conduct Authority (FCA) and its Chinese counterpart have confirmed their approval for the Shanghai-London Stock Connect scheme, which is set to encourage cross-border investment between the countries and provide mutual access to each other's capital markets.

Announced this morning (17 June) at the London Stock Exchange, the scheme will link the London and Shanghai stock exchanges, allowing international investors to access shares in Chinese companies and giving Chinese investors the opportunity to buy UK-listed stock. FCA opens up access to Hong Kong funds In a joint statement, the FCA and the China Securities Regulatory Commission (CSRC) approved the scheme alongside a memorandum of understanding (MoU), which provides the basis for regulatory co-operation with the intention of supporting its success. As a result of the MoU, the Shangh...

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