China Market Advisory Group

TheCityUK’s China Market Advisory Group (MAG) works to ensure the UK becomes the number one location for Chinese investment. It oversees all our China related activity and is jointly run with the China-Britain Business Council (CBBC).

Our China-related work provides the basis of HM Treasury’s Financial Services Trade and Investment Board (FSTIB) activity on China and includes the International Experts Consultation Group on China’s Free Trade Zones (FTZs – scroll down for more information). It is chaired by Sir Gerry Grimstone, Chairman of Standard Life Aberdeen Plc and Chairman of Barclays.

In 2016 the Chinese Vice-Premier and the Chancellor of the Exchequer launched the UK-China Financial Services Summit. The summit allows industry to put forward its views on policy issues to the two governments. It also highlights practical opportunities for increasing trade and investment with China. Our China MAG forms the UK side of the bilateral industry-led dialogue.

Our China work is closely aligned to our Liberalisation of Trade in Services (LOTIS) Committee. Through it we guide the industry’s objectives for trade and investment policy, including priorities for the UK’s bilateral trade and investment relationship with China post-Brexit.

Priorities of the China MAG

- Future bilateral relationship post-Brexit.
- The UK as a destination for Chinese investors.
- Opening of the Chinese market to UK-based financial and related professional services.
- London as a hub for offshore Chinese Yuan/renminbi, green finance, FinTech and infrastructure activity, including the Belt & Road initiative.
- Opportunities for mutual understanding and knowledge sharing.
- Deepening of networks between Chinese and UK business and policymakers.
- Continuing key analysis and policy debate on China’s FTZs through FSTIB.

Recent activities

- Support for the annual UK-China Economic and Financial Dialogue (EFD) and delivery of the related UK-China Financial Services Summit for business in December 2017. This included participation from the Chancellor of the Exchequer the Rt. Hon. Philip Hammond, TheCityUK Chairman John McFarlane and TheCityUK Chief Executive Officer, Miles Celic, as well as members of the MAG. Key issues discussed included capital markets, insurance and pensions, RMB internationalisation and Belt & Road.
- Organisation of a series of ‘City Connector’ networking dinners for senior Chinese financial services representatives based in the UK.
- Market visits to Beijing, Shanghai and Shenzhen to promote our industry and deepen bilateral networks.
- Analysis of the potential value to UK-based financial and related professional services of China’s Belt & Road initiative

For more information about our China work programme please contact us.

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