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Shanghai-London Stock Connect extends China’s integration with global market

FOLLOWING the positive outcomes of President Xi Jinping’s state visit to UK in October 2015 and the China-UK Economic and Financial Dialogue, authorities from the two countries have agreed through consultations to establish a market connect scheme between the Shanghai Stock Exchange (SSE) and the London Stock Exchange (LSE). It allows listed companies from both countries to cross-list depository receipts (DRs), a program referred to as the Shanghai-London Stock Connect.