London,
01
September
2016
|
16:07
Europe/Amsterdam

Lord Mayor leads City delegation to China

The Lord Mayor of the City of London, Jeffrey Mountevans, is to lead a business delegation to Hong Kong and Beijing, Shanghai and Tianjin in Mainland China (7-14 September). The Lord Mayor will look to strengthen the commercial ties between the UK and China and promote Britain as one of the best places in which to invest and do business.

In his three day visit to Hong Kong, the Lord Mayor will meet Financial Secretary John Tsang to explore opportunities for further cooperation on international trade, including specific opportunities for investors from Hong Kong and mainland China. Other notable events will include:

  • Meeting representatives from Hong Kong Monetary Authority (HKMA), Hong Kong Exchanges and Clearing (HKEX), and the Financial Services Development Council (FSDC) to promote UK-Hong Kong commercial relationships;
  • Promoting the UK’s maritime services and training capabilities to the Hong Kong Shipowners Association, and speaking at a Hong Kong Marine Insurance Roundtable held by Lloyd’s Insurance;
  • Updating Hong Kong-based financial services companies on the business climate in the UK after the Brexit vote.

While in mainland China, the Lord Mayor will meet policy makers and business leaders to share the views on economic development in both countries, and discuss areas of mutual interest such as RMB internationalisation and Green Finance. This includes:

  • Meeting senior government officials in Shanghai, Beijing and Tianjin;
  • Opening the 7th International Shipping Strategic Development Forum in partnership with Maritime London;
  • Visiting the China Foreign Exchange Trade System (CFETS), Shanghai Stock Exchange (SSE) and Shanghai Clearing House (SCH);
  • Discussing financial regulation with the China Insurance Regulatory Commission (CIRC) and China Banking Regulatory Commission (CBRC);
  • Co-hosting a roundtable discussion on China’s capital markets with the Mayor of Xicheng district.
  • Attending the launch of the Institute of Chartered Accountants in England and Wales (ICAEW)' Data Analysis Report and roundtable in Shanghai.

Speaking ahead of his visit to China, the Lord Mayor Jeffrey Mountevans said:

“China is a vital trade and investment partner for the UK. My visit comes at an opportune time to reassure government and industry that the UK remains open for business. I will reiterate our commitment to deepening the long-standing links between the UK and China, I will celebrate the strengths and co-operation between our nations and I will explore new ways for us to work together.

As the financial and commercial heart of both Britain and Europe, the City of London is a natural partner for Chinese investors and businesses that want to expand their global presence. We believe that opportunities to collaborate will continue to emerge, benefitting our own economies and wider global growth.

“I will lead a City business delegation consisting of senior financial and professional services representatives to explore the business opportunities available in these key Asian markets.”

 Ends

NOTES TO EDITORS

  1. Media enquiries
    Julie Zhu, Media Officer, City of London Corporation
    T 020 7332 3451 / M 07912 041 124
    E julie.zhu@cityoflondon.gov.uk
  2. About the Lord Mayor of the City of London
  • The Lord Mayor is head of the Square Mile’s City of London authority for one year and the position is unpaid and apolitical. It is an exceptionally demanding role. The Lord Mayor spends some 90 days abroad and addresses some 10,000 people face-to-face each month (making around 800 speeches a year).
  • The Lord Mayor represents City businesses and helps the City Corporation advise the Government of the day on what is needed to help the financial services sector to function well. The Lord Mayor frequently travels to represent the City; and travels overseas with the status of a Cabinet Minister.
  • On average, the Lord Mayor will meet one head of state a month and will meet a prime minister or finance minister each week to discuss financial services, often in conjunction with senior City business representatives. The Lord Mayor, who is unpaid, lives in the Mansion House for the Mayoral year.
  • More information on the Lord Mayor can be found here.
    3. About the City of London Corporation
    The City of London Corporation is a uniquely diverse organisation. It supports and promotes the City as the world leader in international finance and business services and provides local services and policing for those working in, living in and visiting the Square Mile. It also provides valued services to London and the nation. For more details, visit www.cityoflondon.gov.uk