BEIJING, Dec. 17 (Xinhua) -- The first batch of enterprises to debut on the Shanghai-London stock connect program are likely to be released by the end of this year, the Xinhua-run Economic Information Daily quoted securities dealers in the country as predicting that the Shanghai-London stock connect program is likely to be launched in January, 2019.
China Securities predicted that enterprises issuing Global Depository Receipts (GDRs) in Shanghai Stock Exchange will be based on the constituents of the FTSE 100 Index. According to the statistics, heavyweights in the index mainly included HSBC Holdings, Shell, BP, AstraZeneca, GlaxoSmithKline, Diageo, etc.
Guosheng Securities believes that the Shanghai-London stock connect program will cast limited impact on China’s A-share market in short-term period. However, In the medium and long term, it is conducive to China's enterprises with high-quality to go global, and attract overseas funds involving in the domestic stock market. (Edited by Ma Xin, maxin11@xinhua.org)
A single purchase
