Hong Kong stock exchange proposes "London connect scheme"

[HONG KONG] Hong Kong stock exchange has signed a non-binding memorandum of understanding for developing a clearing link between Hong Kong and London called the"London-Hong Kong Connect" The MOU was signed part of a series of cooperation initiatives announced in a ceremony led by Chinese President Xi Jinping and British Prime Minister David Cameron, the stock exchange said in a statement.

The two countries have signed a number of deals including a multi-billion dollar agreement to finance nuclear power stations in Britain.

REUTERS