Shanghai London Stock Connect
Connecting two of the world’s great economies

 

Shanghai-London Stock Connect brings together one of the world’s largest domestic capital markets with the leading international market. It allows global investors to benefit from China‘s growth through London, while London Stock Exchange listed companies can access Chinese investors directly.

The project represents a number of firsts:

  • The first time foreign companies can list in mainland China and the first time Shanghai Stock Exchange (SSE) listed companies can raise capital abroad through instruments fungible with their domestic shares.
  • The first time Chinese investors can access international stocks from within China without being subject to domestic capital controls.
  • The first time international investors can access China A-shares from outside Greater China and through international trading and settlement practices.

Shanghai-London Stock Connect has been developed jointly by SSE and LSEG, with the support of both the UK and Chinese governments and in collaboration with regulatory authorities.

By adopting new regulations and leveraging existing infrastructure we have built a programme that supports the development of a vibrant financial ecosystem connecting China, the UK and the wider global economy. We invite issuers, banks, brokers, asset managers, asset owners and professional services firms from both countries to learn more and participate in Stock Connect.

Useful Assets

Chinese State Level Laws

People’s Republic of China – National People’s Congress

  • Securities Law of the People’s Republic of China EN / CN

People’s Republic of China State Council - National People’s Congress

  • Company Law of the People’s Republic of China EN CN

State Council

  • Several Opinions on Launching the Pilot Program of Innovative Enterprises Domestically Issuing Stocks or Depository Receipts CN
China Securities and Regulation Council Rules (CSRC)

CSRC

  • Administrative Measures for the Issuance and Trading of Depository Receipts (for Trial Implementation) CN
  • Provisions on the Supervision and Administration of Depository Receipts under the Stock Connect Scheme between Shanghai Stock Exchange and London Stock Exchange (for trial implementation) EN / CN
  • Rules on the Preparation of Disclosure Documents by Companies Offering Securities to the Public No. 23 – Guidelines on the Content and Format of Prospectus of Pilot Red Chip Enterprises Publicly Offering Depositary Receipts CN
  • Implementing Measures for Ongoing Supervision of Innovative Enterprises Following Listing of Domestically Offered Shares or Depositary Receipts (Trial) CN
  • Guidelines on the Content and Format of Deposit Agreement for Depositary Receipts (Trial) CN
  • Implementing Provisions on Due Diligence for Sponsoring Domestic Offering of Shares or Depositary Receipts of Innovative Enterprises CN
  • Rules related to commercial banks acting as depositary receipt bank CN
Shanghai Stock Exchange

SSE

  • Notice on Issuing the Interim Measures for the Listing and Trading of Depositary Receipts under the Stock Connect Scheme between Shanghai Stock Exchange and London Stock Exchange EN / CN
  • Notice on Issuing the Guidelines for the Pre-Listing Review of Chinese Depositary Receipts under the Stock Connect Scheme between Shanghai Stock Exchange and London Stock Exchange EN / CN
  • Notice on Issuing the Guidelines for the Cross-Border Conversion of Depositary Receipts under the Stock Connect Scheme between Shanghai Stock Exchange and London Stock Exchange EN / CN
  • Notice on Issuing the Guidelines for the Market Making for Chinese Depositary Receipts under the Stock Connect Scheme between Shanghai Stock Exchange and London Stock Exchange EN / CN
  • Notice on Issuing the Essential Clauses of the Risk Disclosure Statement for Trading of Chinese Depositary Receipts under the Stock Connect Scheme between Shanghai Stock Exchange and London Stock Exchange EN / CN
  • Notice on Issuing the Guidelines on the Content and Format of Listing Announcement for Chinese Depositary Receipts under the Stock Connect Scheme between Shanghai Stock Exchange and London Stock Exchange EN / CN
  • Notice on Matters regarding Information Disclosure Window for Chinese Depositary Receipt Transactions under the Stock Connect Scheme between Shanghai Stock Exchange and London Stock Exchange EN / CN
  • Notice on Fees and Charges for the Listing and Trading of Chinese Depositary Receipts under the Stock Connect Scheme between Shanghai Stock Exchange and London Stock Exchange EN / CN
  • Q & A on Shanghai-London Stock Connect Mechanism EN / CN
China Securities Depository and Clearing Corporation Limited (CSDC)

CSDC

  • CSDC implementation measures for Shanghai-London Stock Connect clearing and settlement practise (trial) CN
London Stock Exchange

London Stock Exchange

  • Admissions and Disclosure Standards EN 
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Meet the team

Jon Edwards

Head of Asia Pacific Primary Markets, London Stock Exchange plc

                                                                                                                           

Karen Northey

Head of China, International Markets

                                                                                                                                                             

Sabina Liu

Head of APAC Business Development, Cash Secondary Markets & UK Account Coverage

     

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