Political tensions with the UK have prompted the Chinese government to suspend listings involving the Shanghai-London Stock Connect initiative, according to sources speaking to Reuters.
According to multiple sources including both government officials and participants in Shanghai-London transactions, the UK’s stance on anti-Beijing protests in Hong Kong is the chief factor behind the suspension of related deals.
One source also pointed to remarks in relation to the detention of a former staff member of the UK consulate in Hong Kong.
The Shanghai-London Stock Connect (沪伦通) is an initiative for connecting the Shanghai Stock Exchange (SSE) and the London Stock Exchange (LSE) which was first mooted in 2015 and came into operation in 2019.
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