2018年CRI Many firsts for the Shanghai-London stock connect, says CEO of the London Stock Exchange Group

 

The head of the London Stock Exchange has been actively¹ promoting the number of firsts that will be involved in the Shanghai-London Stock Connect system when it opens later on this year.

The Shanghai-London stock connect will allow global investors³ to benefit from China's growth through London.

UK-listed companies will be able to access Chinese investors directly.

Nikhil Rathi, CEO of the London Stock Exchange Group, says the project has "many firsts."

"It is the first time any foreign companies will be able to list in (the Chinese) mainland through the mechanism⁴ of the Chinese depositary receipts and the first time the Shanghai listed companies will able to raise capital abroad through instruments that are interconnected with their domestic shares, it's the first time Chinese investors will be able to access international stocks from China without being subject to domestic platform controls, it's also the first time international investors will able to access Chinese A-shares from outside China and through international trading and settlement practices," says Rathi.

Rathi also says China is one of the most exciting capital markets in the world, and is on track to be among the largest. 

"Chinese exchanges on their biggest day of trading have managed to trade over one trillion dollars of securities in a single day, that is many times the next largest to the United States and many times that of the UK or Europe, so this is a vast market and increasingly sophisticated market primarily driven by retail⁵ investor² participation⁶."

The Shanghai-London stock connect has been in the works since 2015.

In January of this year, it was announced that the project will be rolled out by the end of 2018. 

Rathi says the new link will offer Chinese companies immediate⁷ access to the world's largest pool of global capital through the London Stock Exchange.

"One significant advantage for Chinese companies participating in the system is the ability to use their international listed securities for acquisitions. The securities listed on the London market are used around the world. Indeed we've seen last year 252 billion dollars of M&A transactions using our security and that should open up all of the opportunities that we've heard about before," says Rathi.

China's securities regulator has already published a series of draft rules for the Shanghai-London stock connect for public consultation⁸, putting the project one step closer to its launch.

1 actively   

adv.积极地，勤奋地

参考例句：

• During this period all the students were actively participating.在这节课中所有的学生都积极参加。
• We are actively intervening to settle a quarrel.我们正在积极调解争执。

2 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

3 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

4 mechanism   

n.机械装置；机构，结构

参考例句：

• The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
• The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。

5 retail   

v./n.零售；adv.以零售价格

参考例句：

• In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
• These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。

6 participation   

n.参与，参加，分享

参考例句：

• Some of the magic tricks called for audience participation.有些魔术要求有观众的参与。
• The scheme aims to encourage increased participation in sporting activities.这个方案旨在鼓励大众更多地参与体育活动。

7 immediate   

adj.立即的；直接的，最接近的；紧靠的

参考例句：

• His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
• We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。

8 consultation   

n.咨询；商量；商议；会议

参考例句：

• The company has promised wide consultation on its expansion plans.该公司允诺就其扩展计划广泛征求意见。
• The scheme was developed in close consultation with the local community.该计划是在同当地社区密切磋商中逐渐形成的。