Shanghai/Beijing — China’s decision to suspend a tie-up between the Shanghai and London stock exchanges is less a blow for markets than a warning shot to Prime Minister Boris Johnson as he readies the UK for Brexit.

According to people familiar with the matter, the Chinese government has temporarily halted the Shanghai-London Stock Connect on political grounds. One person said Britain’s stance on the pro-democracy protests in Hong Kong is one of the issues that prompted the move, and that how relations with the UK proceed will determine whether the link is restored...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now