(Yicai Global) Oct. 16 -- China's Alibaba Group Holding is one of the 95 international companies to kick off share trading on the London Stock Exchange's new Global Equity Segment, which allows investors to settle transactions during London trading hours.

Online travel agency Ctrip and energy giant PetroChina are among the Chinese group of American Depositary Receipt issuers on the list, the LSE Group said in a statement yesterday. The transactions are priced in US dollars and carry no stamp duty.

The GES allows investors to reduce their time zone risks while accessing global markets. The LSE's schedule narrows the gap between the closing time of US markets and the opening of Asian ones, providing expanded trading hours. 

"The new segment builds on broker relationships already established through Shanghai-London Stock Connect and leverages London's location as a global bridge between the Americas and Asia," said Brian Schwieger, LSE's global head of equities. The above mentioned cross-border trading program was launched in June.

Editor: Emmi Laine