City of London Corporation Policy Chairman Catherine McGuinness has announced that the City of London is launching its ‘Asia Next Decade’ campaign in “a rallying call to firms in the financial and professional services sector to tell us what our priorities should be over the next decade in Asia.”
The announcement comes as the corporation celebrates the 10-year anniversary of holding offices in Beijing, Shanghai and Mumbai.
“London has retained its status as the world’s leading global financial centre in 2017 and given the outstanding growth and innovation in Asia, it is essential for London to reinforce our relationship with Asian markets. London’s efficient financial and capital markets are a natural link for Asian businesses– a perfect partner and a vital enabler of growth. London offers deep pools of liquidity and a plethora of sophisticated financial services products to support Asia’s burgeoning growth.”
Commenting on the announcement, City of London Corporation Special Adviser for Asia, Sherry Madera, says: “In 2018, the City of London is committed to driving growth through partnership. This is the beginning of City of London: Asia Next Decade”.
A new website, cityoflondon.gov.uk/asianextdecade, invites industry partners to share their views on how the Corporation should strengthen its links with Asia in the next 10 years.
Ms McGuinness concludes: “As the UK prepares to leave the European Union (EU), one thing the government has made clear is its ambitions to help companies expand their operations across the world.
“Asia, which by 2025 is forecast to account for nearly half the world’s GDP, is a crucial part of this ‘Global Britain’ vision”.
“By focusing now on Asia, the UK can ensure it is part of its success story in the future.”
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