Lord Mayor of City of London leads delegation to Hong Kong and China

Jeffrey Mountevans

The Lord Mayor of the City of London, Jeffrey Mountevans, arrives in Hong Kong tomorrow (7 September) with a business delegation in an effort to drum up business for the UK capital here and in Mainland China.

In his three-day visit to Hong Kong, the Lord Mayor will meet Financial Secretary John Tsang to explore opportunities for further cooperation on international trade, including specific opportunities for investors from Hong Kong and Mainland China.  In the light of London being the world’s most important maritime centre, promoting maritime services will feature highly in the itinerary of the Lord Mayor and the business delegation. Among the meetings to be held will be a lunchtime address to the Hong Kong Shipowners Association’s members at the Renaissance Harbour View Hotel on 8 September. He will also take part in a Hong Kong Marine Insurance Roundtable, organised by Lloyd’s Insurance on 9 September.

The Lord Mayor will also meet Financial Secretary John Tsang to explore opportunities for further cooperation on international trade, including specific opportunities for investors from Hong Kong and Mainland China. Further events include:

  • Meeting representatives from Hong Kong Monetary Authority (HKMA), Hong Kong Exchanges and Clearing (HKEX), and the Financial Services Development Council (FSDC) to promote UK-Hong Kong commercial relationships;
  • Updating Hong Kong-based financial services companies on the business climate in the UK after the Brexit vote.

While in Mainland China, the Lord Mayor will meet policy makers and business leaders to share views on economic development in both countries, and discuss areas of mutual interest such as RMB internationalisation and Green Finance. This includes:

  • Meeting senior government officials in Shanghai, Beijing and Tianjin;
  • Opening the 7th International Shipping Strategic Development Forum in partnership with Maritime London;
  • Visiting the China Foreign Exchange Trade System, Shanghai Stock Exchange and Shanghai Clearing House;
  • Discussing financial regulation with the China Insurance Regulatory Commission and China Banking Regulatory Commission;
  • Co-hosting a roundtable discussion on China’s capital markets with the Mayor of Xicheng district.
  • Attending the launch of the Institute of Chartered Accountants in England and Wales Data Analysis Report and roundtable in Shanghai.

Speaking ahead of his visit to Hong Kong and the PRC, the Lord Mayor Jeffrey Mountevans said:

“China is a vital trade and investment partner for the UK. My visit comes at an opportune time to reassure government and industry that the UK remains open for business. I will reiterate our commitment to deepening the long-standing links between the UK and China, I will celebrate the strengths and co-operation between our nations and I will explore new ways for us to work together.

“As the financial and commercial heart of both Britain and Europe, the City of London is a natural partner for Chinese investors and businesses that want to expand their global presence. We believe that opportunities to collaborate will continue to emerge, benefitting our own economies and wider global growth.

“I will lead a City business delegation consisting of senior financial and professional services representatives to explore the business opportunities available in these key Asian markets.”

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