Financial Services: BRIC Countries

(asked on 12th December 2018) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what steps they are taking to strengthen financial ties with (1) India, and (2) China, after Brexit.


Answered by
Lord Bates Portrait
Lord Bates
This question was answered on 20th December 2018

Over the last decade, the United Kingdom has developed strong financial links with both India and China through the Economic & Financial Dialogues held with each country. For example, agreements have been reached with China that have established London as the leading global centre for Renminbi trading, with a 39% share – more than Hong Kong and New York combined. And the City of London has played a key role in the development of the Indian masala bond market, with over US$5 billion raised through masala bonds on the London Stock Exchange to date. The Government is looking forward to holding the tenth edition of the dialogues with both India and China in 2019.

Reticulating Splines