[Review] City of London Lord Mayor Breakfast

Published on 2018-04-02

On 23 March, over 50 British Chamber Shanghai members joined a breakfast with the Lord Mayor of the City of London 2017-2018, Alderman Charles Bowman.

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(Photo courtesy of CBRE)

At the event, Alderman Charles Bowman conveyed his five objectives on the Lord Mayor’s China trip:

1) To provide reassurance and confidence in London remaining a key global hub for financial and professional services
2) To advance ties between the City of London and China, specifically in relation to the Belt and Road, fintech, and green finance.
3) To reinforce and build on the City’s decade long relationship with mainland China
4) To promote London as a centre for creative energy
5) To boost two-way investment opportunities for China and the UK

Alderman Charles Bowman is confident in the future for partnerships between the UK and China. During his time in Shanghai, Alderman Charles Bowman visited the Shanghai Pudong Development Bank headquarter. The bank opened the first branch outside of Asia and its seventy-four-million-pound investment has created several new UK jobs. It is a significant demonstration of trust in the UK’s future as a global financial centre.

Alderman Charles Bowman also travelled to Shanghai Stock Exchange (SSE) for a meeting with SSE President Huang, where they discussed the importance of implementing the London-Shanghai Stock Connect as soon as feasibly possible.

At the Q&A session, Alderman Charles Bowman, Alderman William Russell, and Sheriff Tim Hailes answered members’ questions on the City’s inclusive policies, the fintech revolution and regulation on blockchain and cryptocurrencies, the “Asia Next Decade” strategy, understanding the two countries’ mutual cultures and how to prepare for risks and opportunities.

After the event with the Chamber members, the Lord Mayor went to a MOU re-signing ceremony with the Mayor of Shanghai Ying Yong. Shanghai and the City of London first signed an accord in 1996, which then evolved into an MOU in 2007.

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(From left: Phil Roebuck, Executive Director of British Chamber Shanghai; Adrian Bunnis, Executive Director of CBRE; Alderman Charles Bowman, the Lord Mayor of the City of London 2017-2018; Sheriff Tim Hailes, The City of London; Joanne Wood, Chair of the Chamber's Financial & Professional Services Focus Group; Alderman William Russell, The City of London)

Special thanks to the event sponsor CBRE.

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Please click here to view more photos from the event>>