Chinese, British companies see great potential for cooperation in various sectors

Both Chinese and British companies expected to deepen economic and trade cooperation across sectors, following British Prime Minister Keir Starmer’s call for stronger dialogue and deeper engagement between businesses and institutions in the UK and China at the opening ceremony of the UK-China Business Forum on Friday in Beijing.

The forum brought together more than 300 guests, including over 60 business and cultural delegates across different sectors. “London has become the biggest hub for RMB clearing offshore from China. The volumes today are tremendous, about 350 billion RMB’s worth of trading and clearing that’s going on through London,” said the chief institutional relationship officer at the London Branch of the Bank of China.