During his first official visit to Hong Kong, the Lord Mayor of the City of London, Alderman Alan Yarrow, emphasised that London and the UK remain the global partners of choice for Hong Kong and China for financial and professional services. In a packed three day programme (16-18 September), the Lord Mayor promoted the development of London as a Western hub for the RMB market as a complement to Hong Kong and closer business collaboration between the two sides.
The Lord Mayor met Financial Secretary John Tsang and other key stakeholders including the Hong Kong Monetary Authority, Hong Kong Exchanges and Clearing, the Securities and Futures Commission, the Financial Services Development Council as well as British and local businesses to discuss issues including developments in the Chinese economy, the offshore RMB market, maritime services, green finance and financial technology. He participated in an RMB roundtable event hosted by Credit Lyonnais Securities Asia as part of their annual Investors’ Forum, and spoke about the education links between the UK and Hong Kong at a reception held by Chartered Institute for Securities & Investment and Christ’s Hospital. The Lord Mayor also met the Monetary Authority of Macau to promote investment opportunities in the UK.
The role of Lord Mayor of London has existed for over 800 years, and today the Lord Mayor acts as the ambassador for UK-based financial and professional services industry. The Lord Mayor is head of the Square Mile’s City of London authority for one year and the position is unpaid and apolitical. He provides local government services for the Square Mile, the financial and commercial heart of the UK. Read more about the City of London Corporation and Lord Mayor Alderman Alan Yarrow