London working on stock-trading alliance with Shanghai bourse

The London Stock Exchange has expressed an interest in creating a stock-trading link with the Shanghai Stock Exchange, similar to the one between Shanghai and Hong Kong, to tap into opportunities as China's capital markets continue to open up.

"We are working on it and trying to understand what might be involved," Nicolas Bertrand, head of equity and derivative markets of the London Stock Exchange Group, told a press briefing in Beijing.

Bertrand, who declined to offer a timetable for any launch, said the arrangement could add more complexity to the British bourse's operations, but that it was in talks with regulators, clients, and assets firms to ensure a potential stock-connect program could meet the relevant regulatory requirements and conditions.