Cosco considering London listing

China's largest shipping group, Cosco Shipping, is considering raising capital for the first time on the London Stock Exchange through a new initiative with Shanghai's bourse, two finance sources familiar with the matter have said.

The Shanghai-London Stock Connect will enable Chinese companies to raise fresh money on the LSE through issuing global depository receipts (GDR), which could boost momentum amid concerns that Brexit could dent the City of London's leading position in financial markets.

The sources, who declined to be identified, citing sensitivity, said Cosco Shipping Holdings Co, which is Shanghai and Hong Kong listed, was examining the possibility of issuing GDRs in London.

No decision had been taken yet, partly as it would also require Chinese regulatory approval.

Cosco, which is the world's No. 3 container shipping line, is still...