Shanghai Stock Exchange said it will actively implement the outcome of the Sino-

The ninth Sino-British Economic and Financial Dialogue was held in Beijing on Saturday. In the ensuing policy results, both China and Britain agreed to speed up the preparatory work and scrutinize the timing of the start of "Shanghai-London Pass." The Shanghai Stock Exchange said in a press release on Sunday that it will further study the design of relevant systems and actively and steadily push forward the preparatory work for "Shanghai-Shanghai-Shanghai Stock Exchange."

The press release shows that both the Chinese and the British sides have agreed to further study the eligible listed companies in the two places to list their shares on the other markets by means of depositary receipts so as to achieve market interconnection between the two places.

According to the research conducted by the Shanghai Stock Exchange and the London Stock Exchange, depositary receipts are suitable for interoperability between the two stock markets with different time zones and different degrees of openness and market system. The business model is mature, commercial feasibility is strong, and implementation difficulty Not high, the overall risk controllable, easy for investors to protect the two, is conducive to expanding China's capital market two-way opening up, is conducive to the Sino-British capital market cooperation.

The 9th China-UK Economic and Financial Dialogue was held in Beijing. Chinese Vice Premier Ma Kai and Britain's Chancellor Hammond jointly presided over the dialogue. Both sides discussed the macroeconomic situation, trade and investment, industrial strategy, financial reform and development, the Belt and Road Initiative, Cooperation and other conducted in-depth discussions, reached a total of 72 mutually beneficial and win-win results.