Thursday 1 September 2016 1:11 pm

Lord Mayor heads to China to drum up business for London

The Lord Mayor of the City of London will be heading to China next week in a bid to strengthen commercial ties and promote Britain as a business partner.

Lord Mayor Jeffrey Mountevans will be leading a business delegation to Beijing, Shanghai and Tianjin in mainland China as well as to Hong Kong on 7 September for a week.

"My visit comes at an opportune time to reassure government and industry that the UK remains open for business," said Lord Mayor Jeffrey Mountevans. "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."

Read more: The Silicon Valley of South London takes UK fastest economic growth crown

The Lord Mayor will start in Hong Kong, where he will be for three days. While there, he will meet with meet financial secretary John Tsang to discuss international trade. He will also meet with the Hong Kong Monetary Authority and the Hong Kong Exchanges and Clearing.

Then, in mainland China, he will, among other activities, visit the Shanghai Stock Exchange and discuss red tape with the China Banking Regulatory Commission.

The Lord Mayor's visit comes not only less than three months after the UK opted to depart from the EU but also shortly after the new government stalled on the Hinkley Point decision, which would have been part-funded by China Nuclear Power Generation.

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