That's worth remembering, now that China has temporarily suspended cross-border listings between the Shanghai and London stock exchanges.
As recently as September, optimism remained intact. The London Stock Exchange even cited the Connect programme as a better way to forge ties with China when it snubbed a bid by Hong Kong Exchanges & Clearing Ltd last year. SDIC Power Holdings Co was set to be the second Chinese company to list there, yet it postponed plans in December, citing market conditions.
In most markets, investors are biased towards stocks they recognise. And while the pipe enabled Chinese and British companies to raise money in each other's markets, investors weren't allowed to trade between exchanges, as they do with similar links between Hong Kong and the Shanghai and Shenzhen exchanges.
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