Exclusive: China halts British stock link over political tensions - sources

China halts cross-border listings between the Shanghai and London stock exchanges over political tensions

HONG KONG/LONDON - China has temporarily blocked planned cross-border listings between the Shanghai and London stock exchanges because of political tensions with Britain, five sources told Reuters.

Two of them highlighted Britain’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. China blames the Hong Kong unrest, heavily supported by an anti-government movement seeking to curb controls by Beijing, on interference by foreign governments including the United States and Britain.

China’s Ministry of Foreign Affairs said in a faxed statement that it is not aware of the specifics, but added that it “hopes the UK can provide a fair and unbiased business environment for Chinese companies that invest in the UK and create the appropriate conditions for both countries to carry out practical cooperation smoothly in various fields”.

Five sources told Reuters SDIC Power’s deal was halted because of Beijing’s suspension of Stock Connect.

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