The business news "from the end of last night"-British economic and financial dialogue "was informed that both the consensus include: support for foreign companies listed on the Shanghai Stock Exchange; support for Chinese companies in the London Stock Exchange through the issuance of shares and depository of the Stock Exchange; support of foreign banks in China bond underwriting business, etc.
This dialogue between China and Britain reached a total of 41 consensus, both in many aspects a broad consistency. At this point, the third "-British economic and financial dialogue" and has the most fruitful.
Financial cooperation made a number of breakthroughs
The third "-British economic and financial dialogue" in the Chinese Vice Premier Wang Qishan and United Kingdom Chancellor Osborne held under the auspices of, participation in the dialogue of the two countries ' Ministers, central bankers and financial regulators, etc.
In this conversation, the two sides "agreed G20 Summit to ensure a sustainable recovery in the global economy, to resist protectionism and on the Doha trade negotiations was concluded — including the identification of 2011 the best time for cooperation."
At the same time, the two sides also agreed to the "supervision of the financial sector and the development of bilateral cooperation projects to expand into new areas, including capital account management reform, as well as development of RMB offshore market".
Both sides believe, to "support the Chinese companies in the London Stock Exchange through the issuance of stocks and depository receipts listed on the support of foreign companies listed on the Shanghai Stock Exchange, support foreign banks in China bond underwriting business."
At the same time, the two sides also approved the first Bank of the United Kingdom (Scotland) in the establishment of joint-stock company in China. And plan to "strengthen the intellectual property rights, business taxes and national statistics and other matters of cooperation".
In concluding remarks, Mr Osborne said: "we look to the future, all of which will give us the relationship between the two countries to lay a solid foundation. Britain is the natural can promote growth partners. ”
"Cameron's Prime Minister and I, and the United Kingdom Government, is committed to China and establish a closer relationship. "Osborne said," by favorable trade conditions and strong business ties, I want to be able to prove that the United Kingdom's door is open to enterprises, we decided in the next few years the United Kingdom into a preferred destination for investors.
Build mutually beneficial win-win-British economic relations
This time, the two sides around the "build mutually beneficial win-win-British economic relations" in the subject, to promote the economy is strong, sustainable and balanced growth, trade and investment, development and supervision of the financial sector, strengthen the global partnership, to promote green economic development issues were discussed.
According to a Xinhua report, Wang Qishan, present at the meeting stressed that the global economy is gradually moving towards recovery, but there are many uncertain factors. Major developed economies and health power shortage of high unemployment, increased risk of the financial and debt. Emerging economies, capital flows, the rise in inflation risks. Global liquidity surplus, the international financial market turbulence, the impact of market confidence.
To promote the global economy is strong, sustainable and balanced growth is still the major countries in the world. The current priority is the strengthening of macroeconomic policy coordination and oppose all forms of protectionism, avoid economic issues, promoting the full recovery of the world economy. Wang Qishan.
It was felt that changes in the economic development and adjustment of economic structures is the only way for sustainable economic development. The two sides will further explore the potential to create economic and trade cooperation, investment, financial, high technology, infrastructure, low-carbon economy, energy saving and environmental protection, strengthening cooperation with highlights in chemical industry, quality inspection, civil aviation, taxation, statistics, etc. The British party reaffirms its support for the EU as soon as possible giving China full market economy status, and will continue to play a constructive role.
Both sides said that the British as an important member of the G20, to continue to strengthen cooperation and coordination, promote the G20 Seoul Summit achieve positive results. The two sides welcomed the International Monetary Fund (IMF) share reform and governance reform achievements. The parties will work together with the international community to promote international financial regulatory reform, promotion of the Doha Round negotiations early access to a comprehensive, balanced results that support the World Bank, International Development Association replenishment, as early as possible to achieve the UN Millennium development goals.
Both sides agreed that the fourth "-British economic finance dialogue" to be held in London in 2011.
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