Following the launch of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect in November 2014 and in December 2016 respectively, on 12 October 2018 the China Securities Regulatory Commission ("CSRC") officially published the Provisions on the Supervision and Administration of Depository Receipts under the Stock Connect Scheme between Shanghai Stock Exchange and London Stock Exchange (for Trial Implementation) (《上海证券交易所与伦敦证券交易所市场互联互通存托凭证业务监管规定(试行)》) (the "New Provisions"), which formally established the Shanghai-London Stock Connect scheme.