HSBC on track for Shanghai depositary receipts listing | Eurasia Diary - ednews.net

20 November, Tuesday


HSBC on track for Shanghai depositary receipts listing

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HSBC is set to be the first foreign company to list its shares in China as part of a new stock exchange link between London and Shanghai, the Financial Times reported on Thursday.

The trading link is expected to go live at the end of this year, according to the report 

The plan is for HSBC to issue Chinese depositary receipts (CDRs), the FT said. HSBC was not immediately available for comment.

Reuters

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