Chinese President Xi Jinping and UK Prime Minister David Cameron were photographed endorsing the signing of a memorandum of understanding (MOU) for the proposed London-Hong Kong Connect on 21 October in London.
“London-Hong Kong Connect” is one of the string of business deals signed at the UK-China Business Summit at Mansion House in London.
“London-Hong Kong Connect” is an innovative mechanism to link different markets after HKEx successfully launched Shanghai-Hong Kong Stock Connect in November last year.
If implemented with all necessary regulatory approvals and rules in place, “London-Hong Kong Connect” will enable eligible Exchange Participants on the Hong Kong Futures Exchange to trade LME products, and HKCC’s eligible Clearing Participants to clear those trades.
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