UK China Financial Services Relationship

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Bim Afolami: Will the Foreign Secretary update the House on his assessment of our relationship with China, particularly in respect of financial services in the City of London?

Mark Field: The City of London’s connections with China form an essential part of our overall bilateral relationship, and we look forward to proceeding with an ambitious commercial agenda during 2019. As my hon. Friend will know, the City is already the world’s leading offshore trading centre for the renminbi. It engages in more than 40% of global trading, even more than Hong Kong.

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