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situation report

Apr 11, 2018 | 14:06 GMT

1 min read

China: Banking Official Announces New Shanghai-London Stock Connect

People’s Bank of China Governor Yi Gang announced plans for a stock connection between Shanghai and London while speaking at a panel discussion during the Boao Forum for Asia on April 11, Bloomberg reported. The proposed connection with London Stock Exchange Group PLC would be the third entry point for foreigners to the Chinese market and first outside of Hong Kong. The new connection will be a further opening of the Chinese market to foreign investment, a strategic part of Chinese economic restructuring.

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