China Denies Reports Shanghai-London Stock Connect Is Halted
- Link allows firms on one exchange to issue shares on the other
- Only listing under link Huatai Securities fell 11% Thursday
An employee sits reflected in a glass screen featuring the London Stock Exchange Group Plc's logo at their offices in London.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
China denied reports that a tie-up between the Shanghai and London stock exchanges has been halted.
The operation of a stock link between the two exchanges has been normal since June, the China Securities Regulatory Commission said in a media briefing on Friday. The regulator has noticed some companies delaying issuance of global depositary receipts and respects their freedom to decide a time based on financing needs and market conditions, spokesman Chang Depeng said.