UK treasurer promotes London as hub for Chinese finance during Beijing visit

UK Treasury chief Rachel Reeves stated that London is a "natural home" for Chinese finance during her visit to Beijing. This marks the first visit by a senior British official since 2016, amid ongoing bond market challenges in the UK. Reeves emphasized the need for closer regulatory cooperation and highlighted potential benefits worth £600 million for the British economy over five years. She acknowledged recent global financial market changes but maintained her government's fiscal rules. The visit aims to improve UK-China relations, which have been strained since 2020. Reeves addressed concerns over national security and human rights while seeking to deepen trade and investment ties.