On June 21st, Bank of China and the City of London jointly hosted a China-UK Financial Cooperation Roundtable at the Bank of China Head Office in Beijing. The roundtable was co-chaired by Bank of China President Jin Liu and Christopher Hayward, Chairman of the Policy and Resources Committee of the City of London, accompanied by the Executive Vice President Jinn Liu and the General Manager of BOC London Branch Mr Wenjian Fang.
President Liu pointed out that with the continuous deepening of global economic cooperation and the steady growth of China's economy, the positive role of the RMB in promoting cross-border trade and investment facilitation has become increasingly prominent. The City of London is a strong promoter of London's development as an offshore RMB centre and the internationalisation of the RMB in the UK. Bank of China, with its distinctive globalisation features and significant advantages in cross-border RMB business, sees broad prospects for cooperation between the two sides. Bank of China is willing to work closely with the City of London, the British Embassy in China, and other institutions to promote the development of RMB internationalisation in the UK and to elevate China-UK economic and financial exchanges and cooperation to a new level.
Christopher Hayward highly praised the achievements of Bank of China in the internationalisation of RMB and expressed gratitude for the Bank's support and contributions to the City of London. He stated that the City of London would continue to actively promote substantial results in China-Britain financial and trade cooperation. The attendees agreed to strengthen cooperation in areas such as capital market connectivity and China-UK cross-border RMB settlement and investment.
Representatives from the British Embassy in China, HSBC, the London Stock Exchange, and other institutions also participated in the event. As the most internationalised and diversified bank in China, by leveraging its strong RMB business, diversified products and services, global network and international talents, Bank of China will continue to promote the internationalisation of RMB and the China-UK relations in the new era.
