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China's COSCO Shipping Considers London Listing: Sources

Published on Dec 9 2018 10:30 AM in Supply Chain tagged: Shipping / Freight / London Stock Exchange / Cosco / Paywall

China's COSCO Shipping Considers London Listing: Sources

China's largest shipping group, COSCO Shipping, is considering raising capital for the first time on the London Stock Exchange through a new initiative with Shanghai's bourse, two finance sources familiar with the matter said.

The Shanghai-London Stock Connect will enable Chinese companies to raise fresh money on the LSE through issuing global depository receipts (GDR), which could boost momentum amid concerns that Brexit could dent the City of London's leading position in financial markets.

The LSE is hoping to get a boost from China as the world's fastest growing capital market.

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