London pushes for Shanghai stock link

London's financial community wants the proposed Shanghai-London Stock Connect plan to go ahead, insisting the United Kingdom's exit from the European Union will not make the London Stock Exchange's listings less attractive to Chinese investors.

They reasoned that London's tougher listing rules compared with EU rules would make the exchange more attractive to high-quality new listings, and London is unlikely to lose its strength as a financial center post-Brexit.

The plan, already the subject of a feasibility study by the LSE, faced delay, according to the South China Morning Post on June 27, because the Chinese regulator - the China Securities Regulatory Commission - was having doubts over Brexit.