The trading floor of the Shanghai Stock Exchange in Shanghai Photo: CFP

Chinese Foreign Ministry spokesperson Geng Shuang said Thursday China hoped the UK can create conditions for smooth cooperation between the two countries in various sectors, in response to a Reuters report alleging that China has suspended the Shanghai-London Stock Connect program due to political tensions.

At a regular press briefing in Beijing, Geng didn't confirm whether the program had halted, but said China "hopes the UK can provide a fair, open and non-discriminatory business environment for Chinese companies investing in the UK, and create appropriate conditions for smooth practical cooperation between the two sides in various sectors."

The stock connect aims to boost China-UK cooperation - to help expand the investor base for Chinese companies while letting Chinese mainland investors buy UK-listed shares.

According to Reuters, one of the reasons behind the move is Britain's stance over the Hong Kong violent protests and remarks over the detention of a now former staff member at its consulate in Hong Kong, citing sources.