UK shares list in China, a first for foreign firms

  • News Digest

Jun 18, 2019-

LONDON: Britain and China began selling shares in each others’ companies on Monday under a landmark deal, Britain’s Treasury announced, as London looks to remain a leading financial centre post Brexit. The launch of the London-Shanghai Stock Connect marks “the first time that any foreign company will be able to list in mainland China”, a statement said, as the UK seeks to extend close trading ties with the Asian powerhouse, despite strains caused by the fallout between Chinese telecoms giant Huawei and the US. The announcement Monday was the “centrepiece” of the UK-China Economic and Financial Dialogue, the Treasury said. (AFP)

Published: 18-06-2019 09:43

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