Chinese rounding on Square Mile

City of London mayor looks forward to opportunities in new Shanghai FTZ

China's rapidly maturing financial services industry has brought the country increasingly closer to the City of London, the Square Mile's Lord Mayor Roger Gifford says.

Since Gifford took up his one-year appointment in November, China Construction Bank has issued a dim sum bond (denominated in Chinese currency) in London, a yuan swap line has been established between the central banks of Britain and China, China's Ping An Insurance has bought the freehold to Lloyd's of London's office. The list of Chinese investment continues.