Will London’s fightback as global financial player be a bang or whimper?

For such an important moment for the London stock market, the listing of CK Infrastructure was accompanied by relatively little fanfare in the wider City.

On August 19 the £14 billion Hong Kong-based owner of energy, utility and transportation assets, which is part of the sprawling empire of Li ­Ka-shing, one of Asia’s richest men, made its debut on the London exchange. The secondary listing did not involve a fundraising, making it a low-key affair, and the stock only rose by 1.6 per cent on its first day.

Yet it nevertheless made history as the first new listing by a company in the UK since the Financial Conduct Authority last month shook up the country’s listing rules in a revamp aimed at making London more