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Monday, August 21, 2017

What City of London has to offer BRI

By Catherine McGuinness, Policy Chairman of the City of London Corporation

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"...Having been active in China for many years now, next year we are celebrating ten years since our representative offices were opened in Beijing and Shanghai. We are proud of our longstanding relationships in China.

I would like to focus on what we can offer to the project in terms of services.

Because the UK can offer a full range of support to infrastructure projects, from consultant engineers, architects, and project managers, to ship brokers and insurers, providing access to capital, and matching investors to the risks and tenors they are prepared to take, through structuring complex deals. And it is financing in particular that I want to concentrate on.

The City of London Corporation has a long history of collaboration and working together with countries and regions along the Belt and Road. In addition to our excellent relationships with China and Hong Kong, we also have close ties with many of the nations involved.

Chinese President Xi recently said the Belt and Road belongs to the whole world. We - in London - agree, and see ourselves as the natural Western End of the new initiative. We look forward to helping forge an even stronger partnership between our two economies."