December 16, 2017 / 6:33 AM / 6 months ago

UK, China accelerating preparations for London-Shanghai stock connect: UK finance minister

BEIJING (Reuters) - British finance minister Philip Hammond said that China and the United Kingdom have agreed to accelerate preparations for a London-Shanghai stock connect program.

Britain's Chancellor of the Exchequer Philip Hammond and Chinese Vice Premier Ma Kai pose with delegates during the UK-China Economic Financial Dialogue at the Diaoyutai State Guesthouse in Beijing, China December 16, 2017. REUTERS/Fred Dufour/Pool

Hammond was speaking at a press conference in Beijing.

In September, Britain and China agreed to carry out a feasibility study the connect scheme, but did not provide further details.

Reporting by Andrew Galbraith; Editing by Shri Navaratnam

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