Money Talks | New Episode of China Business Brief Podcast Available Now
2021 was supposed to be a big year in financial and professional services policy. Following the agreement in principle of the EU-China Comprehensive Agreement on Investment late last year, analysts and financiers alike expected financial liberalisation to be high on the agenda as Brussels and Beijing sat down to ratify the deal over the course of 2021. While the openings that foreign banks had hoped for appear someway off, and China's markets have become more controlled under the guise of 'Common Prosperity', British banks have continued to do well in the market throughout 2021, says Rahul Ahluwalia (Minister Counsellor - Financial Services & Investment) of the British Embassy in Beijing.
Rahul talks to CBBC on how the UK and China have found additional areas within which to collaborate in financial services, particularly in green finance; why he feels that British banks are well placed to continue to expand their presence in the market; and how likely it is that the UK and China will hold an Economic & Financial Dialogue ('EFD') next year.
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