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Lujiazui looks to strengthen Shanghai-London finance ties

Updated: 2016-11-18

( chinadaily.com.cn )

Lujiazui looks to strengthen Shanghai-London finance ties

Shanghai's Lujiazui Financial City signs a cooperation deal with UK's International Capital Market Association on Sept 6. [Photo provided to chinadaily.com.cn]

Shanghai's financial hub Lujiazui is looking to further strengthen cooperation with the City of London, according to officials inside the local government.

Lujiazui hopes to deepen ties between Shanghai and London in a number of different areas, including pushing for the mutual opening-up of China and the UK's capital markets.

Officials also say they aim to offer more services and policy support to help UK companies to develop in China, and they are also encouraging Chinese companies to expand their businesses in the UK.

The financial zone in Pudong New Area has long been central to Shanghai's ties with London.

Lujiazui Financial City signed a cooperation deal with the International Capital Market Association on Sept 6, thanks to strong support from the City of London.

The two sides agreed to share their successful experience in exploring the international capital market, and help Shanghai reach its goal of becoming a global financial center.

The financial city also teamed up with the UK's Institute and Faculty of Actuaries to organize a financial risk management forum on Nov 7, which helped to further exchanges between Lujiazui and London.

More than 30 of Lujiazui's top financial managers also got the opportunity to visit London's leading financial institutions and industry organizations in March and September and attended financial training programs there.

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