On 15 December, a Nanjing financial delegation met representatives of the UK Jiangsu Business Association in London. The two sides held in-depth discussions on the direction of international financial markets in the current environment, explored new opportunities for international financial cooperation, and exchanged ideas on accelerating Nanjing’s development as an important financial centre.
An Executive Vice President of the UK Jiangsu Business Association said that China–UK financial cooperation is highly significant and can make full use of the financial strengths of both countries to support business development and the prosperity of financial markets. The visit of the Nanjing financial delegation would help take financial cooperation between the UK and Jiangsu an important step forward.
The international economic and financial environment remains complex and uncertainty over global economic growth has increased, but there is still considerable potential for China–UK cooperation in finance.
Chen Xinyan, Deputy Director of the Nanjing Municipal Local Financial Supervision and Administration Bureau, said that in recent years Nanjing had steadily advanced the development of its pilot zone for science-and-technology innovation finance, creating a dynamic and energetic financial sector. “The purpose of this visit to the UK is to further demonstrate the development potential and strengths of Nanjing’s financial sector and deepen its links with international financial markets. We also hope to strengthen mutual understanding between China and the UK in financial services, investment opportunities and financial-market trends, laying a solid foundation for future cooperation projects.”
Participants exchanged information on the development of the financial sectors in Nanjing and London and discussed the potential for China–UK cooperation in areas including financial technology, green finance and inclusive finance, as well as how the UK’s financial resources and experience could support the development of local financial industries in China.
Mao Zhiqiang, Executive Vice President of the UK Jiangsu Business Association, President of the UK Chinese Financial Association and Head of Credit Risk Quantitative Analysis at Bank of America Merrill Lynch, shared his latest observations on the UK financial market. Contributions from UK representatives including GF Financial Markets (UK) Limited and Haiyin Financial Holdings UK provided a broad range of perspectives and detailed insights into financial cooperation between Nanjing and the United Kingdom.
The Nanjing delegation also introduced the direction of local financial policy and key projects, demonstrating how the city uses financial support and policy guidance to create an environment conducive to innovation and entrepreneurship.
Ma Youjun, Deputy District Mayor of Jianye District, Nanjing, presented Jianye District and, in particular, its Financial City, further demonstrating Nanjing’s overall strength and development potential in the financial sector.
Both sides expressed a shared commitment to advancing future financial cooperation and to working together to attract greater international attention and resources to Nanjing’s financial industry.
The two sides also held in-depth discussions on talent development and exchange, particularly cooperation in financial training and technical exchange.
Doctoral students and other finance students from King’s College London, Bayes Business School at City, University of London, the University of Sheffield and other institutions attended the meeting. They were particularly interested in learning about the latest developments and policy support in Nanjing’s financial sector and expressed strong interest in pursuing opportunities in the city.
Han Dong, Executive Vice President of the UK Jiangsu Business Association and Chairman of Chinalink (London) Media Ltd., chaired the meeting and introduced the work of JSBA.
Established for many years, the UK Jiangsu Business Association has built a resource-rich platform and plays an active role as a bridge between the UK and China, particularly between the UK and Jiangsu. It promotes trade and economic development, people-to-people exchange, educational cooperation and technological innovation, and has made an active contribution to helping overseas Chinese entrepreneurs access the Chinese market and supporting the economic development of Jiangsu.