George Osborne reveals billion pound China deal to boost United Kingdom firms

George Osborne reveals billion pound China deal to boost United Kingdom firms photo George Osborne reveals billion pound China deal to boost United Kingdom firms

Euronext is the primary exchange in the eurozone with more than 1,300 issuers worth €3.2 trillion (US$3.6 trillion) in market capitalization, an unmatched blue-chip franchise consisting of 24 issuers in the EURO STOXX 50 benchmark and a strong, diverse domestic and worldwide client base.



Still, linking Shanghai to the London Stock Exchange would mark a further significant step in the opening up of China’s markets, potentially allowing domestic Chinese access to a wide range of British and European stocks.

“I am delighted to be working together with the Shanghai Stock Exchange on this exciting initiative to promote Euronext markets in China”.

To questions over whether the appetite existed in London for the new short-term bonds due to be offered – for the first time outside China – by the People’s Bank of China, Mr Osborne insisted: “There is an enormous appetite and it’s only going to grow”.

Osborne said the proposed nuclear plant will boost the UK’s economy.

Britain wants to “continue to play our role as the world’s leading financial centre in helping with the gradual internationalisation of the renminbi”, said Osborne, using the formal name for the Chinese currency.

Mr Osborne also announced two new joint space research programmes, following his announcement of new UK-China co-operation in the development of nuclear power.

Our package of agreements with the Chinese this week will firmly establish London as China’s bridge to Western financial markets.

The chancellor’s approach has been to strip out the kind of political complications that used to sour UK-China relations – and still bedevil Washington’s links with Beijing – to focus relentlessly on commercial ties.

The GMB union welcomed the financial guarantee, but warned it should not be linked to a green light for the use of Chinese nuclear technology at Bradwell in Essex.

This is a critical moment in Britain’s relationship with China.

“Chinese investors recognise technical expertise, and there is vast potential for partnership with Chinese companies that will support innovations in United Kingdom advanced manufacturing”, he said.

China is improving the central parity of exchange rate mechanism of the yuan to speed up the marketisation of the regime, said Li.

Gilbert added in his Telegraph article: “So we have chosen to gain exposure to the Chinese economy through other routes, mainly by investing in Asian and global businesses with significant interests in China”.

So, of course we will disagree on issues. Yes we do. Does that mean we resile from our British values?

“But isn’t it better to engage and to talk about these things rather than to stand on the sidelines and try and conduct some kind of megaphone diplomacy”.

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