China and the UK yesterday pledged to take swift action to allow companies to list on overseas exchanges, as the two nations attempted to bring political impetus to long-promised reforms.
A Chinese economic delegation to London, headed by Wang Qishan, vice-premier, said it would open the door to UK companies wishing to list on the Shanghai stock market – but did not say when that would happen.
The move emerged as one of the key outcomes of a summit with Alistair Darling, chancellor, that sought to strengthen UK ties to the “motor of global growth”. Mr Darling said the visit would boost trade opportunities in areas ranging from green technology to aerospace.
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