Emma RadmoreFollowing the latest meeting between the Chancellor and the Chinese Vice Premier, the Government has confirmed its agreement with China to improve cooperation and capital market connectivity between the countries. Many large UK financial institutions already have substantial presence in China, and China is granting new licences and quota allocations for UK firms.
China plans to issue an inaugural overseas sovereign green bond in London this year, and the two countries also plan a “Wealth Connect” programme which recognises the role of the asset management sector in supporting growth.