The Shanghai Stock Exchange and BM&F- Bovespa, Latin America’s biggest exchange operator, are set to sign an agreement on Monday that is expected to lead to the cross-listings of stocks.
Cross-listings, which would give benchmark Brazilian stocks access to liquidity in China and would increase trading of them during the Asian day, will add another element to one of the world’s most important emerging bilateral trade relationships.
“What we are looking for is the double listing of stocks,” said a spokesperson for BM&FBovespa on Wednesday. “Because of the timezone, we see Asia as more opportunistic if we compare it to Europe or the US.”
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