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Nisha Gopalan

London's Shanghai Dream Is a Bridge to Nowhere

Any stock connect will be a watered-down version of Hong Kong's programs.
Empty Road to Nowhere
Photographer: iStock/Getty Images

Will you cross a bridge if you don't know what's on the other side? Unlikely.

That's the dilemma investors face as they look forward to the London-Shanghai Connect stock trading link that's scheduled to start by year-end. The program's timing was announced this week by People's Bank of China Governor Yi Gang, who also said authorities will quadruple daily trading limits on the mainland's existing share trading pipes with Hong Kong.