City of London Policy Chairman strengthens financial links with China

Mark Boleat, Policy Chairman at the City of London Corporation, will be visiting Beijing and Shanghai early next Month (5–8 July) to build existing links and to discuss opportunities for future collaboration with China.

 

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The purpose of this visit is to engage with Chinese regulators, government officials and key private sector stakeholders to maintain and nurture bilateral relations between the financial services sectors in the UK and China. A key part of this involves discussing recent reforms towards China’s market liberalisation, for which there is a great deal of support and enthusiasm in the UK.

Speaking ahead of his visit, Policy Chairman Mark Boleat said:

“The UK and China enjoy strong financial ties, supported by effective two-way dialogue and mutual recognition of the opportunities that financial partnership can bring to each market. My visit will demonstrate the City of London’s continued support for China’s endeavour to achieve greater financial liberalisation and global integration, including the facilitation of RMB internationalisation.

 “During my visit I will highlight the benefits that international participation in the market can bring and the UK’s experiences in this sector, building on previous discussions such as on the contribution that the UK is playing in the development of the global RMB market and promoting two-way investment between the two countries.

“Although it has been only a few months since my last visit there have been many new policies introduced and China has pushed forward with its reform agenda at an impressive rate – I am also looking forward to observing this reform first-hand, particularly in key areas such as capital markets, banking and regulation.”

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