This content is from: Innovation
SSE, BMF To Allow Stock Cross-Listing
The Shanghai Stock Exchange and BM&F Bovespa are close to signing a deal that will lead to the cross-listings of stocks.
The Shanghai Stock Exchange (SSE) and BM&F Bovespa are close to signing a deal that will lead to the cross-listings of stocks, Financial Times reports. The cross-listings will give benchmark Brazilian stocks access to liquidity in China and increase their trading during the Asian day.
The exchanges are expected to list stocks, including the Brazilian market’s benchmark companies, such as Petrobras and Vale. The listing of stocks in Asia, which follows a similar deal with Hong Kong, will help BM&F Bovespa win back market share in the trading of some of its bellwether stocks.
Click here for the story from Financial Times.