UK and China weigh cross-border asset-management scheme to deepen market ties

AI Summary
The UK and China are exploring new initiatives to deepen capital market ties, including a potential cross-border asset-management scheme and enhancements to the existing stock connect program. Ashley Alder, chairman of the UK's FCA, announced these considerations ahead of a UK delegation visit to Beijing led by Prime Minister Keir Starmer. Alder and UK Treasury minister Lucy Rigby will meet with Chinese regulators to discuss strengthening cross-border trading links and regulatory cooperation. The potential asset-management scheme would resemble the Greater Bay Area's wealth-management connect, allowing mainland investors access to UK-based asset management and retirement products. These efforts aim to foster closer financial cooperation between the UK and China.
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Source Transparency
This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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