City of London Policy Chairman to strengthen “vital” financial relations between UK and China

Mark Boleat, Policy Chairman at the City of London Corporation, is set to build on the financial ties between China and the UK during a visit to Shanghai later this month.

From the 11-13 June, the Policy Chairman will speak at Lujiazui Forum 2016 on UK-China financial cooperation as part of the special session to the ‘Country of Honour’.

The UK has been invited to be the ‘Country of Honour’ at this year’s Lujiazui Forum, which marks the first time another country has been given this status.

The Policy Chairman will participate in the City of London - Shanghai Free Trade Zone joint roundtable discussion on “New opportunities for international investment under emerging pattern”.

Mr Boleat will also meet with representatives from Chinese businesses and look at Shanghai based UK financial industry figures. He is also scheduled to visit the Shanghai Clearing House, Shanghai Stock Exchange and China Financial Futures Exchange.

Policy Chairman Mark Boleat said: “UK-China relations have gained huge momentum in recent years. President Xi Jinping’s visit last year reinforced strong diplomatic, cultural and economic links and laid a solid foundation for a golden era of UK-China ties. It is essential that the close links already established are strengthened through two-way dialogue and enhanced cooperation.

“Financial cooperation is vital to UK-China relations. We want to see further engagement in areas of mutual interest such as RMB internationalisation and Green Finance. I will raise both issues during my visit.

“I will also update the Chinese stakeholders on key UK issues, including the coming EU referendum, and explain why the City of London Corporation decided to speak up in favour of remaining in the European Union.”