London stock trade connect taking shape

Program to further open up nation's capital market, attract more funds

The highly anticipated Shanghai-London Stock Connect Mechanism - a further step connecting the Chinese mainland and international capital markets - is taking shape as the central regulator started to solicit public opinion on detailed rules last Friday.

Chang Depeng, a spokesman for the China Securities Regulatory Commission, said on Friday that the regulator had started to seek opinions on rules regarding the issuance standards for Chinese Depository Receipts, related regulations for CDR applications, and regulatory arrangements for the issuance of Global Depository Receipts on foreign bourses by listed Chinese companies.