Chinese Broker Huatai Securities Gets Go Ahead to List on LSE

[kreslik.news]

Huatai Securities, a Chinese-based and Shanghai-listed broker, announced via a regulatory filing today with the Shanghai Stock Exchange that it has received approval from the China Securities Regulatory Commission (CSRC) to issue global depository receipts (GDR) at the London Stock Exchange (LSE).

According to a report from Reuters, approval from CSRC marks the launch of the Shanghai-London Stock Connect, which facilitates companies publicly traded in Shanghai and London to list on each other’s bourses.

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The Shanghai-London Stock Connect allows Chinese-based companies to raise funds by issuing GDRs in London. However, this doesn’t ... (read more)