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Shanghai bourse says reached preliminary agreement with LSE on stock trading link

Reuters - UK Focus

SHANGHAI, March 11 (Reuters) - The Shanghai Stock Exchange (SSE (LSE: SSE.L - news) ) said on Friday it has reached a preliminary agreement with the London Stock Exchange (Other OTC: LDNXF - news) (LSE) on a co-operation framework for a planned stock trading link.

The two bourses will now carry out deeper studies into the feasibility of a Shanghai-London connect scheme, the Shanghai exchange said in a statement posted on its official microblog.

The British and Chinese governments announced in September last year that they had asked the LSE Group and Shanghai Stock Exchange to launch a feasibility study into a link. (Reporting by Samuel Shen and Adam Jourdan; Editing by Simon Cameron-Moore)