On 6th June 2024, the First meeting of the newly elected financial committee of the China Chamber of Commerce in the UK (CCCUK) was held successfully in Industrial and Commercial Bank of China London Branch. The gathering has been the most comprehensive and largest-scale meeting of Chinese financial institutions ever in the City of London, with participation of over 40 leaders and representatives from 29 Chinese financial institutions based in the UK.

The President of the China Chamber of Commerce in the UK and the newly appointed Chief Representative of the People’s Bank of China in Europe delivered speeches. The Chairing Institution and Secretariat of the Financial Committee introduced the drafting of the “Working Mechanism.” Participants from various institutions offered suggestions on optimising the Financial Committee’s working mechanism, maintaining a favorable business environment in the UK, promoting the development of the RMB offshoremarket in London, and enhancing China-UK financial cooperation.

The attendees generally agreed that the Financial Committee should leverage London’s status as an international financial center to build a cooperation platform for financial institutions, strengthen the bridge for China-UK economic and trade cooperation, showcase the presence of Chinese financial enterprises, and serve all members of the China Chamber of Commerce. They expressed hope that the Financial Committee would gather diverse insights, focus on common concerns and key issues, as well as organise multi-level and multidimensional activities. Participants also pledged active involvement and support for the work of the China Chamber of Commerce in the UK and the Financial Committee, aiming for joint development, shared benefits, serving the real economy, and benefiting society.

Minister for Economic and Commercial Affairsfrom the Chinese Embassy in the UK attended the event, congratulating the successful meeting and encouraging Chinese institutions in the UK to operate in compliance with regulations, strive for excellence, and further solidify the positive image of Chinese enterprises.

Resource: CCCUK