Shanghai-London stock connect to come this year

Updated 2018-05-04 13:43:04

The Shanghai-London stock connect will be launched within this year with Shanghai aiming to be the first to open the financial industry to foreign companies and institutions.

The city is discussing with the state's financial regulators to become a "pioneer" to accelerate the financial opening-up, said Li Jun, deputy head of Shanghai Municipal Financial Service Office, at a news conference held on Thursday.

Some large financial institutions from Europe and Asia have filed applications to increase their shareholdings and expand their businesses scopes, Li added.

Moreover, the financial office will continue to push forward renminbi internationalization and capital account convertibility in Shanghai free trade zone, Li said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 21 2018 08:03:29

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 21 2018 08:03:29

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 21 2018 08:03:29

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords