The Chancellor will be joined by the Governor of the Bank of England, the Chief Executive of the Financial Conduct Authority and a group of senior UK officials. A senior business delegation will be joining the Chancellor including CBBC President, Lord Sassoon, as well as senior representatives from abrdn, Fidelity, HSBC, London Stock Exchange Group, Prudential, Schroders, and Standard Chartered. 

The Chancellor’s dialogue will be focused on “stability with China built on this country’s strengths. This includes our financial services, which are the engine powering prosperity and growth through deep and liquid capital markets, and a core source of Britain’s competitive advantage on the world stage” [HM Treasury].

While the central focus for the Chancellor’s visit is the 11^th UK-China Economic & Financial Dialogue (EFD), the first since 2019, there will be a programme of meetings and events including with CBBC members. 

Co-Chaired by Chinese Vice Premier HE Lifeng and the Chancellor, the EFD is a key mechanism for government-to-government bilateral exchange and communication and is expected to result in significant outcomes for British business.

Alongside the EFD, there will be a UK-China Financial Services Summit (FSS), a business forum offering financial and professional services companies from both countries the opportunity to exchange views and hear updates and developments from the sector in both UK and China.  The Summit is co-chaired by Sir Mark Tucker, Group Chairman, HSBC Holdings plc, and Mr ZHANG Jinliang, Chairman, China Construction Bank Corporation.

CBBC will play a central role in the visit, including organising a roundtable for the Chancellor to meet with leading British companies in China and co-hosting a reception, bringing together UK and Chinese business representatives.

The government is explicit in its desire to build a platform for a long-term relationship with China that works squarely in our national interest – ensuring our economy has the broad base and resilient foundations for the growth that makes working people in every corner of Britain better off.

CBBC Chief Executive Peter Burnett has said : “CBBC is delighted to see the 11^th EFD under way after a break of some six years. Economic and business growth is a central mission for both the United Kingdom and China. We are confident that this dialogue will herald the start of a more stable and practical relationship between both countries and will build confidence for exports, investment, financial engagement and growth.”