UK to launch 'groundbreaking' China stock market link

UK-listed firms will become the first foreign companies to be able to list in mainland China under a new stock link, the Treasury said. Firms will sell shares through dual listings on the Shanghai and London Stock Exchanges.

The UK government said the project will open up British firms to new investors. The initiative will also allow companies from each country to raise capital in the other.

More than 260 of the 1,500 companies listed in Shanghai will be potentially eligible to take part of the project and list in London.

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