15 min
Rahul Ahluwalia: Money Talks China Business Brief
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- Business
2021 was supposed to be a big year in Chinese financial and professional services policy. Following the agreement in principle of the EU-China Comprehensive Agreement on Investment late last year, analysts and financiers alike expected financial liberalisation to be high on the agenda as Brussels and Beijing sat down to ratify the deal over the course of this year. But while the openings that foreign banks had hoped for appear someway off, and China's markets have become more controlled under the guise of 'Common Prosperity', British banks have continued to do well in the market throughout 2021, says Rahul Ahluwalia (Minister Counsellor - Financial Services & Investment) of the British Embassy in Beijing.
Rahul talks to Joe Cash on how the UK and China have found additional areas within which to collaborate in financial services, particularly in green finance; why he feels that British banks are well placed to continue to expand their presence in the market; and how likely it is that the UK and China will hold an Economic & Financial Dialogue ('EFD') next year.
The views expressed in the China Business Brief podcast are those of invited contributors and not necessarily those of the China-Britain Business Council ('CBBC'). We do not accept any liability if the podcast is used for an alternative purpose from which it is intended, nor to any third party in respect of this podcast.
2021 was supposed to be a big year in Chinese financial and professional services policy. Following the agreement in principle of the EU-China Comprehensive Agreement on Investment late last year, analysts and financiers alike expected financial liberalisation to be high on the agenda as Brussels and Beijing sat down to ratify the deal over the course of this year. But while the openings that foreign banks had hoped for appear someway off, and China's markets have become more controlled under the guise of 'Common Prosperity', British banks have continued to do well in the market throughout 2021, says Rahul Ahluwalia (Minister Counsellor - Financial Services & Investment) of the British Embassy in Beijing.
Rahul talks to Joe Cash on how the UK and China have found additional areas within which to collaborate in financial services, particularly in green finance; why he feels that British banks are well placed to continue to expand their presence in the market; and how likely it is that the UK and China will hold an Economic & Financial Dialogue ('EFD') next year.
The views expressed in the China Business Brief podcast are those of invited contributors and not necessarily those of the China-Britain Business Council ('CBBC'). We do not accept any liability if the podcast is used for an alternative purpose from which it is intended, nor to any third party in respect of this podcast.
15 min