Huatai sets sights on London-Shanghai connect

London China Connect flags 230px
By John Loh
26 Sep 2018

Huatai Securities looks set to be the first issuer to test the London-Shanghai Stock Connect, revealing plans to raise at least $500m from a Global Depositary Receipts sale.

The Shanghai and Hong Kong-listed Chinese brokerage said in a filing on Tuesday it is seeking to list GDRs in London. The announcement follows the unveiling of a blueprint for the London-Shanghai Stock Connect earlier this month.

Unlike the existing links between the Hong Kong, Shanghai and ...

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