The Forgotten UK-China Stock Connect Program Now Needs a Reboot
- Trading has dried up on link between UK, Chinese markets
- Only six Chinese companies have listed in London under program
The London Stock Exchange.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
For years, the London Stock Exchange touted a link with China’s equity markets as an initiative that would give global investors access to the Asian nation’s growth through the UK. Yet almost five years since the mechanism was introduced, it has dropped off the radar.
Just six Chinese companies have listed in London since the Shanghai-London stock connect began, and trading has been muted. Meanwhile, no European companies have listed in China. In the London Stock Exchange Group Plc’s last three annual reports, the cross-border program garnered zero mentions despite its expansion to Shenzhen.