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LSE to launch trading of China firms' GDRs

Move, slated for next year, will kick off partnership between the bourse and its Shanghai counterpart, add sources

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HEALTHY TRACK RECORD: The LSE group has a well-established depositary receipts business providing trading in companies from 44 countries, and has long been home to the most actively traded depositary receipts of Russian companies, such as Gazprom.

Shanghai

THE London Stock Exchange (LSE) will launch trading of global depositary receipts (GDRs) of Chinese companies next year, kicking off a partnership between the bourse and its Shanghai counterpart, sources with knowledge of the matter said.

GDRs are bank-issued certificates

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