Shanghai link plan on track, says LSE official

Nikhil Rathi, chief executive of London Stock Exchange Plc, said work on creating a trading link between the bourse and Shanghai is making good progress.

Hosting the LSE Beijing annual conference in Beijing on Tuesday, London is keen to play a complementary role to the Chinese stock market, and that the proposed trading scheme has drawn substantial interest from investors.

The two sides have carried out a feasibility study into setting up the Shanghai-London Stock Connect, and the work is progressing, said Rathi, without disclosing a specific timetable.