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Shanghai’s legislative advisers urge city’s financial exchanges to merge and list to open the world’s second-largest market place



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A score of Shanghai’s legislative advisors have called for the merger of the local stock and futures exchanges to attract global companies and investors raising funds, as the city marked 30 years of explosive growth to become the elder sibling of the world’s second-largest capital market.The merger was proposed by 20 delegates of the Shanghai People’s Political Consultative Conference (SPPCC), including the Shanghai Gold Exchange chairman Jiao Jinpu, the Shanghai chief of the Export-Import Bank…

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