UK treasurer highlights London as 'natural home' for Chinese finance: Video

FILE PHOTO: Labour Party Annual Conference in Liverpool
FILE PHOTO: Britain's Chancellor of the Exchequer Rachel Reeves attends a conversation with U.K. CEO of GroupM Karen Blackett, at a fringe meeting during the Labour Party conference in Liverpool, Britain, September 23, 2024. REUTERS/Phil Noble/File Photo
Source: REUTERS

British Treasurer Rachel Reeves met with Chinese Vice Premier He Lifeng at the Fourth China-UK Financial Services Summit in Beijing as bond markets face turbulence back in the UK. Speaking at the reopening of long-suspended financial talks between the two nations, Reeves described London as a "natural home" for Chinese finance. She emphasised the need for stronger collaboration, stating, "We should work even closer on regulatory cooperation."

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