"Temporary Suspension of Listing via Huruntong Due to Political Reasons"

[Asia Economy Beijing=Special Correspondent Park Sun-mi] The "Hurun Tong," a cross-trading system between the Shanghai and London stock exchanges, is reportedly facing issues with the suspension of listing procedures due to political reasons.

On the 2nd, major foreign media outlets cited sources reporting that rumors are spreading about the temporary suspension of cross-listing procedures between the Shanghai and London stock exchanges due to political backgrounds.

Following Huatai Securities becoming the first Chinese stock to be listed and traded in London through the Hurun Tong system last year, it was reported that the Chinese energy company SDIC Power planned to issue Global Depositary Receipts (GDR) on the London Stock Exchange in December last year, but the plan has yet to proceed. Additionally, China Pacific Insurance was also scheduled to be listed on the London Stock Exchange through the Hurun Tong system within the first quarter of this year, but this too has reportedly been halted.

The political background behind the suspension of listing procedures is attributed to renewed protests in Hong Kong and diplomatic tensions between China and the UK following revelations that a British consulate staff member in Hong Kong was detained and tortured by Chinese public security for two weeks.

Both stock exchanges have not yet made any official announcements regarding this matter.

Since its inception last year, the Hurun Tong system has been regarded as a signal not only for improving bilateral relations but also for China's capital market opening.

This content was produced with the assistance of AI translation services.