China Prosperity Fund Programme
Through the Prosperity Fund the UK works with China to address big global challenges, and promote sustainable economic growth while creating business opportunities.
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In line with the UN Sustainable Development Goals, the Prosperity Fund enables the UK to work with China in addressing the biggest global challenges, such as climate change. The Prosperity Fund is also used to promote the conditions for sustainable and inclusive economic growth, while creating opportunities for international business, including UK companies.
The China Prosperity Fund programme covers 4 areas:
China’s business environment
The programme will support progress towards a stronger rule of law including clearer judicial processes, dispute resolution and protection of intellectual property. This ultimately aims to lead to an improved, fairer business environment in which UK firms can operate.
Financial services
The programme will promote financial sector reform, employing policy and private sector expertise to:
- better regulate the Chinese financial sector
- build a more gender and socially inclusive economy
- enable UK and international businesses to enter the growing Chinese pensions and insurance markets
Energy and low carbon
The programme will match China’s specific areas for reform and change with UK energy and low carbon strengths, reducing global emissions by accelerating China’s energy transition.
Infrastructure in third countries
The programme will support and raise environmental and social standards in growth-enhancing Chinese-led infrastructure projects in developing countries in Africa and Asia, through promoting UK and international best practice in design, engineering, financial, professional and legal services.
Last updated 30 September 2021 + show all updates
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New document added: Phase 1 annual review 2020.
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First published.