The City of London has long recognised the importance of China
to the UK-based financial services industry. The rapid growth
of the Chinese economy brings with it a demand for international
financial services, both to provide capital, risk management and
expertise for companies as they expand, and to meet the needs of
the growing middle class, in areas such as savings products,
pensions, insurance and wealth management.
The City of London works to promote a genuinely two-way exchange
of trade and investment in financial and professional services
between the City and China. An important part of the City of
London’s work to support and promote the interests of the City
involves engaging with the Chinese leadership, regional governments
and with Chinese firms to position the City as China’s partner of
choice in the provision of financial services, and the UK as a
location of choice for Chinese overseas investments. It is the City
of London’s intention that this engagement is beneficial to China,
as well as to the UK financial sector.
The City of London’s engagement with China is guided by the
City of London Advisory Council for China, a group of senior
Chinese financial sector leaders. The Council provides a
formal structure for engagement with Chinese financial services
firms at a senior level, and expert guidance and advice on the
Chinese market. The Council guides the City of London’s China
strategy, and the work of the City of London representative offices
in Beijing and Shanghai.
The City of London produces a weekly news monitor of financial
services news and market developments in China. To subscribe, email
china@cityoflondon.gov.uk.