The announcement comes as the Chancellor is in China
attending the second Belt and Road Forum, hosted by
President Xi. At the Forum, the Chancellor will set out
how the UK is a natural partner for quality global
infrastructure initiatives due to the world-class
talent and expertise this country has to offer. The
Chancellor will also make the case for ensuring that
projects meet international standards on governance,
debt sustainability, and environmental impact.
Over the last ten years EFDs have secured billions of
pounds worth of commercial deals for UK companies,
boosting investment and jobs. They have also
established the UK as the leading financial services
partner for China with, for example, an agreement to
set up the UK-China stock connect, expanding market
access for UK Financial Services firms, and
establishing London as the leading global centre for
RMB trading.
Chancellor of the Exchequer, said:
Working with partners across the world to boost jobs,
businesses and prosperity at home is key to our post
Brexit future. The UK’s world-leading financial
sector, along with our unrivalled expertise in areas
such as design, engineering, financing, and legal
services, mean we are natural partners for global
infrastructure initiatives. And our leadership on
high standards and the sustainable development agenda
put us at the forefront of responsible investing.
The forthcoming Economic and Financial Dialogue in
June will continue the golden era of relations
between China and the UK. By deepening our
cooperation on financial services, trade, and
investment with international partners, we can ensure
Britain’s global future.
Economic and Financial Dialogues are held with a number
of key partners; and the ninth
UK-China EFD took
place in December 2017 in Beijing. The tenth
UK-China EFD will
see the Chancellor host Vice Premier Hu Chunhua and a
Chinese delegation in London for a series of events to
showcase the UK’s world leading financial service
sector.
As well as speaking at the Belt and Road Forum, the
Chancellor will hold meetings with a number of
international partners. Also representing the UK at the
Forum are , Minister
for Trade and Export Promotion, and Sir Douglas Flint,
the Treasury’s Professional and Financial Services
Envoy for the Belt & Road Initiative.
