Dissatisfaction with British intervention in Hong Kong affairs and suspensionof "Hu Runtong"? China and the United Kingdom did not respondpositively.

"Sino-British political relations are tense, and China suspended the"Shanghai-Lentong ". The news first reported by British Reuters on the 2ndcaused a great deal of concern." Shanghai Lentong "was launched inJune 2019. It refers to the interconnection mechanism between the ShanghaiStock Exchange and the London Stock Exchange. Eligible listed companies in thetwo places can issue depositary receipts and trade on each other's markets. AReuters report quoted sources as saying the issue of Britain in Hong Kong Thisposition is the reason for China's suspension of the Hurun List. ChineseForeign Ministry spokesman Geng Shuang did not confirm or deny the report onthe 2nd. However, he stressed, "We hope that the UK can provide a fair,just and open investment for Chinese companies in the UK. Andnon-discriminatory business environment, and create suitable conditions for thesmooth development of practical cooperation between China and Britain invarious fields. "

A Reuters report quoted "five unnamed sources" as saying they allagreed that "political factors" were the reason China suspendedHurun. Two of them particularly emphasized Britain's position on HongKong. One referred to British comments on the detention of a formeremployee of the British Consulate in Hong Kong. In August 2019, Hong Kongemployee Zheng Wenjie of the British Consulate in Hong Kong was sentenced to 15days in administrative detention by the Shenzhen police for recruiting aprostitute in Shenzhen. He acknowledged his illegal facts. InNovember, Zheng Wenjie suddenly told the media that China tortured him duringthe interrogation and asked about the protests in Hong Kong and the role ofBritain in it. British Foreign Secretary Rabe responded strongly to thisand summoned the Chinese ambassador to the UK. The Chinese ambassador putforward anti-negotiations to the British side on the spot, expressing China'sstrong dissatisfaction and resolute opposition to the British side's series ofwords and deeds on the Hong Kong issue.

Reuters said the suspension of the deal cast a shadow over Huranton'sfuture. The plan is a means for the UK to improve relations with China,the world's second largest economy, and is seen as an important step for Chinato open its capital markets and connect with global financial centers. Itis reported that the China Securities Regulatory Commission and the ShanghaiStock Exchange did not respond to Reuters' request for comment. Spokesmenfor the London Stock Exchange and the Treasury declined to comment.

Bloomberg also reported the news on the 2nd, citing sources. It isreported that China suspended Hu Run's match for political reasons. Thereis no timetable for when to recover. Industry insiders believe that themove is symbolic and unlikely to affect the market. The article said thatHuronton has been calm since it opened. So far, only one Chinese company,Huatai Securities, is listed in London and no British company is listed inShanghai. However, when the British Johnson government was preparing tostrengthen trade with China after "leaving Europe", the suspension ofthe plan indicates the deterioration of Sino-British relations. It is reportedwhether the United Kingdom will go against the wishes of the United States anddecide to make Huawei a part of the British 5G network. This is also imminent.

China's National Investment Power is expected to be the second Chinese companyto list in London last December, but the plan was delayed in the final stage,the company said, mainly because of the market Environment. It is reported thatthis is because the Chinese government has suspended the Hurun List. In addition,China Pacific Insurance is another company that wishes to list through thismechanism. It is reported that the company may begin trading as early as thefirst quarter of 2020. But overseas listing plans have been shelved. The twocompanies have not responded to a request for comment. It is

reported that British companies and banks related to the Hurun mechanism areclosely watching how British Prime Minister Johnson handles Sino-Britishrelations and what he will do on the Hong Kong issue. What position. Thecomment states that "for the UK and the London Stock Exchange, the time isright for trouble." The UK is preparing to leave Europe and is eager toestablish links with non-EU countries. According to Luft, as of December 4 lastyear During the year, the number of new companies listed on the London StockExchange was the lowest in 10 years. Governance turmoil and fears ofBritain British withdraw from the EU inhibit the financing activities of thestock market.

China Institute of International Studies, director of the European InstituteCui Hongjian

Cui Wang Jian said that although Hoogewerf on whether it will be suspended hasnot been confirmed, but he believes the project will sooner or later sufferImpact. In the past two years, a significant feature of Britain's China policyhas emerged, which is to try to treat politics and the economy differently."The UK has a strong economic interest in China and actively participatesin the 'Belt and Road', etc. However, political criticism of China has continuedunabated, and the hope for a "political reputation" in the West hasrecently been strengthened in Hong Kong affairs. "Cui Hongjian said,"This 'political and economic decoupling of China' 'The model is difficult to beaccepted and maintained by China for a long time.'

Cui Hongjian believes that in order to plan a new model for herself after"leaving Europe", Britain's overall foreign policy and China's policyare more speculative and risky. "Whether British warships frequentlycross the Vietnam China Sea or continue to interfere in Hong Kong affairs, theUnited Kingdom, on the one hand, is trying to expand its diplomatic space, onthe other hand, it hopes to catch up with the United States after" leavingEurope, "so as to" copy "the United States. It is necessary tolet Britain know more about China's diplomatic bottom line. At the sametime, we should maintain a good balance and do our best to avoid politicaleffects on the economy and trade. The suspension of the Shanghai-LondonStock Connect will not affect other aspects of the current Sino-British economyand trade.

Author: White

(original title:? Chinese interference in Hong Kong affairs because ofdissatisfaction with the UK pause "Hoogewerf on" China and the UKhave not responded positively)