Stock Market: China
The question
To ask the Chancellor of the Exchequer, what information her Department holds on the number of UK companies that have jointly listed on the (a) Shanghai and (b) Shenzhen stock exchange since 2019.
Answered by Emma Reynolds
Launched in 2019, the UK and China launched the London-Shanghai Stock Connect which allows Chinese companies listed on the Shanghai Stock Exchange to issue depository receipts (DRs) in the UK, and for UK-listed companies to do the same in China. In 2023, the scheme was extended with the launch of London-Shenzhen Stock Connect.
Since 2019, six Chinese companies have issued DRs in the UK via Stock Connect. To date, no UK companies have issued DRs in China.
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