Xi Jinping’s UK visit to result in Shanghai-London market ties

Global Business

Xi Jinping's state visit to UK sees Shanghai-London stock connect1

Chinese President Xi Jinping brought billions of pounds of investment with him on his state visit to the UK, but one of the deals under discussion won’t require any hard cash at all – just hard work.

That is a stock link between Shanghai and London, which was proposed by British Chancellor of the Exchequer George Osborne during his latest visit to Beijing last month. While a variety of technical and legal issues would have to be overcome to bring this to reality, both governments want to raise the level of their financial cooperation, and there is a growing appetite in China for overseas assets.

ICS’s Hu Xiaocen reports for CCTV from Shanghai.

Xi Jinping's UK visit to result in Shanghai-London market ties

Xi Jinping's UK visit to result in Shanghai-London market ties

Chinese President Xi Jinping brought billions of ponds of investment with him on his state visit to the UK, but one of the deals under discussion won't require any hard cash at all - just hard work. That is a stock link between Shanghai and London, which was proposed by British Chancellor of the Exchequer George Osborne during his latest visit to Beijing last month. While a variety of technical and legal issues would have to be overcome to bring this to reality, both governments want to raise the level of their financial cooperation, and there is a growing appetite in China for overseas assets. ICS's Hu Xiaocen files this report for CCTV from Shanghai.


Dan McClory on Sino-UK financial cooperation

For more on the possibility of boosted Shanghai-London market ties, CCTV America spoke with Dan McClory. He’s the managing director and head of China Investment Banking at Burnham Securities Incorporated. He also explained how President Xi’s state visits to the UK and the U.S. differed business-wise.

Dan McClory on Sino-UK financial cooperation

Dan McClory on Sino-UK financial cooperation

For more on the possibility of a Shanghai London stock connect, CCTV America spoke with Dan McClory. He's the managing director and head of China Investment Banking at Burnham Securities Incorporated. He also explained how President Xi's state visits to the UK and the US differed business-wise.