BEIJING, Nov. 15 (Xinhua) -- The stockbroking business of the Shanghai-London stock connect program is expected to be launched on December 8, said a report from China Securities Journal learned from several securities firms.
Securities firms are actively preparing for plans to offer the service and may complete system testing in early December.
In addition, over ten firms have passed through the system testing of designated market maker and the firms which can’t pass the following system tests will be knocked out.
Market analysts believe although China’s A share market has been gloomy, the global depository receipts (CDRs) issued via the Shanghai-London stock connect are unlikely to disperse funds.
(Edited by Yang Qi, kateqiyang@xinhua.org)
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