China end City’s renminbi bond auction

Chinese officials signalled that there were no active plans to sell further renminbi-denominated sovereign bonds after last summer’s Rmb 3bn (  £350m /$430m) auction by the Chinese finance ministry, as part of the internationalisation of China’s currency.

A scheme to link the London and Shanghai stock exchanges is also put on the back burner, because of uncertainties following Brexit.

The move also follows Mrs Theresa May’s abrupt July 2016, decision review the French-led £18bn Hinkley Point nuclear power plant before going ahead with the deal in which the Chinese State energy group CGN owned 33 per cent stake.