China temporarily suspends Shanghai-London stock plan

Pedestrians walking past the Shanghai Stock Exchange building in Shanghai

SINGAPORE: China has temporarily blocked a link between the Shanghai and London stock exchanges, Reuters reported.

Politics, including Britain’s stance on Hong Kong protests, was behind the suspension of the Shanghai-London Stock Connect plan, according to the report, which cited five unidentified people involved in talks with Chinese officials. The China Securities Regulatory Commission and the Shanghai Stock Exchange did not immediately respond to Bloomberg requests for comment.