#stayhome Maintain the distance, wash your hands, and follow instructions from the health authorities.
RSS   Newsletter   Contact   Advertise with us

Freedom of speech: China suspends UK stock exchange link over politics

Share on Twitter Share on LinkedIn
Christian Fernsby ▼ | January 2, 2020
China has temporarily blocked planned cross-border listings between the Shanghai and London stock exchanges because of political tensions with the United Kingdom, five sources told Reuters.
Shanghai stock exchange
Freedom in China   Shanghai stock exchange
Suspending the Shanghai-London Stock Connect scheme casts a shadow over the future of a project meant to build ties between the UK and China, help Chinese firms expand their investor base and give mainland investors access to UK-listed companies.

Topics: China stock exchange UK

The sources, who include public officials and people working on potential Shanghai-London deals, cited politics as the reason behind the suspension.

Two of them highlighted the UK's stance over the Hong Kong protests and one pointed to remarks over the detention of a now-former staff member at its consulate in Hong Kong.

All five sources have been involved in talks with Chinese officials and spoke to Reuters on condition of anonymity because they are not authorised to speak about the matter publicly.


 

MORE INSIDE POST