Bank of China: Continually Developing the London Offshore Renminbi Market

The first meeting of the China-UK Financial Working Group was held in Beijing. As a supporting activity of the China-UK Financial Working Group, a roundtable discussion was held with financial institutions. Zhang Hailiang, Chairman of Bank of China, was invited to attend the roundtable and deliver a speech. Zhang Hailiang stated that Bank of China will work with the China-UK financial sector to implement the important consensus reached by the leaders of the two countries, continuously develop the London offshore Renminbi market, and explore innovation in areas such as settlement, financing, trading, and investment, to promote new achievements in the construction of the London Financial Center; jointly promote the development of global green finance, seize the broad cooperation opportunities in green bonds, transition finance, and other fields between China and the UK, and provide more “China-UK solutions” for global sustainable development; vigorously serve the connectivity of financial markets between the two countries, build a multi-level, multi-market cross-border financial service system, and provide diversified and complementary investment channels and product offerings for the operational entities of both countries, effectively transforming the potential of China-UK cooperation into tangible achievements. (People’s Financial News)