The launch of the Shanghai-London Stock Connect on June 17 was a major step forward in China’s internationalisation and a big win for the City.

The link means companies in London and China, starting with Huatai Securities, can have two pools of shares trading in different timezones connected by a single price. The complexity of achieving this should not be underestimated, and it is very significant for London as a financial hub in the competitive race to connect global traders and investors with opportunities in China.