HSBC will be the first foreign bank to offer Chinese Depository Receipts.

 

汇丰银行将成为可以提供中国存托凭证的首家外国银行。

 

Plans for the London-Shanghai stock exchange have been in the works for a long time, and in recent months it has rapidly developed for its launch at the end of the year.

 

These plans will give global investors¹ the chance to access shares in Chinese companies and vice² versa - Chinese investors will have a chance to buy London stock listed stock.

 

Jason Lui, head of Asia Pacific equity³ derivative⁴ strategy at BNP Paribas, told the Financial Times: "It's significant as this is the first time Chinese domestic investors can trade a foreign company in their own market through Chinese Depository Receipts.

 

"This is a way to test CDRs through this new channel because, for onshore investors, the CDR is still a very new concept."

 

Talks to list HSBC on the Chinese stock exchange have been ongoing⁵ for over ten years, although initial plans did not work out as initially⁶ expected.

点击收听单词发音