A financial scheme linking investors in London and Shanghai, and launched last year, has reportedly been put on pause by Beijing in response to what is perceived as British meddling in the ongoing Hong Kong protests.
The Shanghai-London Stock Connect allows certain companies listed on the London Stock Exchange and the Shanghai Stock Exchange to issue depositary receipts on the other bourse. This offers international investors a backdoor access to the Chinese financial market, solidifying London’s role as a financial capital, which was shaken by Brexit. And Chinese traders get a chance to deal in stocks of international companies through Shanghai.
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