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· Remarks by H.E. Ambassador Liu Xiaoming at the Opening Ceremony of the Bank of China Private Banking Service Centre (London)(2017-11-14)
· Remarks by H.E. Ambassador Liu Xiaoming at the Retirement Dinner of Professor Sir David Greenaway: A better view further down the road(2017-11-10)
· H.E. Ambassador Liu Xiaoming Attends the Reopening Ceremony of British Museum China and South Asia Gallery(2017-11-09)
· The Daily Telegraph Publishes a Signed Article by Ambassador Liu Xiaoming Entitled "The China-UK Golden Era has new chance to bear fruit"(2017-11-08)
· New Era, New Opportunity, New Future-- Speech by Ambassador Liu Xiaoming(2017-11-07)
· The Evening Standard Publishes a Signed Article by Ambassador Liu Xiaoming Entitled "China is entering a new era and the world will be better for it"(2017-11-03)
· Minister Zhu Qin gave an interview to SINO Broadcasting Station(2017-11-03)
· The Daily Telegraph Publishes a Signed Article by Ambassador Liu Xiaoming Entitled " China's New Commitment to the World "(2017-10-26)
· Charge d'Affairs a. i. Zhu Qin Meets with Lindsay Hoyle, Deputy Speaker of the House of Commons
· Charge d'Affairs a. i. Zhu Qin Attends Chatham House Belt and Road Conference(2017-10-17)
· Charge d'Affairs a. i. Zhu Qin Attends the Premiere of A River All Red by China National Peking Opera Company in the UK(2017-10-17)
· Minister Ma Hui attends Forum on Belt and Road Initiative by British Chinese Liberal Democrats(2017-10-17)
· Ambassador Liu Xiaoming Meets with Andrew Mitchell, Member of Parliament and former Secretary of State for International Development(2017-10-11)
· Ambassador Liu Xiaoming Meets with George Osborne, UK Former First Secretary of State and Chancellor of Exchequer(2017-10-10)
· Ambassador Liu Xiaoming's interview with China Daily: A review of the State Visit by President Xi Jinping and a vision for China-UK relations(2017-10-10)
· The 26th Chinese Navy Escort Taskforce Concludes Its Goodwill Visit to Britain(2017-10-09)
· General Sir Gordon Messenger, British Vice Chief of the Defence Staff Visits the 26th Chinese Navy Escort Taskforce Fleet(2017-10-08)
· H.E. Ambassador Liu Xiaoming Holds a Welcoming Reception for the 26th Chinese Navy Escort Taskforce(2017-10-07)
· H.E. Ambassador Liu Xiaoming Meets with Jeremy Hunt, Co-Chair of the China-UK High-Level People to People Exchange Mechanism(2017-10-05)
· The 26th Chinese Navy Escort Taskforce Arrives in Britain for a Goodwill Visit(2017-10-05)
· Remarks by H.E. Ambassador Liu Xiaoming at the Reception for the 26th Chinese Naval Escort Taskforce: For World Peace and A More Splendid "Golden Era"(2017-10-04)
· Remarks by H.E. Ambassador Liu Xiaoming at the Press Conference of the 26th Chinese Navy Escort Taskforce: A Brilliant Milestone and A New Beginning(2017-10-03)
· Ambassador Liu Xiaoming meets with Jonathan Hill, Former European Commissioner for Financial Stability, Financial Services and Capital Markets Union(2017-09-30)
· Ambassador Liu Xiaoming Meets with Lord Hall, Director-General of the BBC(2017-09-29)
· Ambassador Liu Xiaoming meets with Victor Chu, Co-Chairman of the International Business Council of the World Economic Forum(2017-09-28)
· Keynote Speech by H.E. Ambassador Liu Xiaoming at the Celebration of the 10th Anniversary of Sheffield Confucius Institute and Model Confucius Institute Plaque Unveiling Ceremony: Knowledge, Passion, Action(2017-09-27)
· H.E. Ambassador Liu Xiaoming and Wife Hold Reception Marking the 68th Anniversary of the Founding of the People's Republic of China(2017-09-26)
· Remarks by H.E. Ambassador Liu Xiaoming at the Reception Marking the 68th Anniversary of the Founding of the People's Republic of China: Embracing a More Promising Future(2017-09-25)
· Ambassador Liu Xiaoming Meets with Vice Admiral Benjamin Key, the Fleet Commander of Royal Navy(2017-09-22)
· H.E. Ambassador Liu Xiaoming Meets with Hong Kong SAR Chief Executive(2017-09-21)
· Speech by H.E. Ambassador Liu Xiaoming at the Scottish Chamber of Commerce Dinner: Tap the Potential for a Brighter Future of China-Scotland Cooperation(2017-09-20)
· Remarks by H.E Ambassador Liu Xiaoming at the Fifth Anniversary Celebration of the Confucius Institute for Scotland's Schools: Seeds of Friendship and Fruits of Cooperation(2017-09-19)
· Minister Zhu Qin Attends the Celebration of the 68th Anniversary of the National Day Hosted by Oversea Chinese(2017-09-15)
· Any Individual Success of a Diplomat Would be Meaningless without a Strong and Prosperous Country(2017-09-14)
· Speech by H.E. Ambassador Liu Xiaoming at the "Belt and Road" Breakfast Meeting during the London International Shipping Week 2017: China-UK Shipping Cooperation Boosts Belt and Road Building(2017-09-13)
· Keynote Speech by H.E. Ambassador Liu Xiaoming at the Breakfast Meeting of the Conservative Parliamentary China Group: Create a Sound Environment for New Success in China-UK Business Cooperation(2017-09-12)
· Ambassador Liu Xiaoming Meets with Tang Qian, Assistant Director-General of UNESCO(2017-09-12)
· Ambassador Liu Xiaoming Meets with Secretary for Transport and Housing of Hong Kong SAR Government(2017-09-12)
· Minister Zhu Qin Gives a Lecture to the Future Global Leaders' Programme(2017-09-12)
· Madam Hu Pinghua Holds Chinese Traditional Handicraft Tour in Britain(2017-09-12)
· Remarks by H.E. Ambassador Liu Xiaoming at the "Weaving A Dream" Fashion Show: Weaving the Dream of China-UK Cooperation(2017-09-11)
· Remarks by H.E. Ambassador Liu Xiaoming at the "University of Nottingham-China" Reception: Writing A New Chapter for China-UK Educational Cooperation(2017-09-10)
· The Daily Telegraph Publishes a Signed Article by Ambassador Liu Xiaoming Entitled " China is not the key to North Korean Crisis "(2017-09-08)
· Remarks by H.E. Ambassador Liu Xiaoming at the International Conference "China at the Crossroads: Economic Challenges and Opportunities": Steady Chinese Growth Creates More Opportunities for the World(2017-09-07)
· Speech by H.E. Ambassador Liu Xiaoming at the Awarding of Degree of Doctor of Laws Honoris Causa: Build World Peace and Prosperity on Wisdom(2017-09-06)
· Ambassador Liu Xiaoming Meets with Liam Fox, UK Secretary of State for International Trade(2017-09-04)
· Ambassador Liu Xiaoming's Interview with China Daily on Chinese Investment in the UK(2017-09-01)
· The Daily Telegraph Publishes a Signed Article by Ambassador Liu Xiaoming Entitled " Common Aspiration Will Lead BRICS to New Success "(2017-08-31)
· Embassy Spokesperson's letter to the Financial Times on the latter's unjustified comments on rule of law in Hong Kong(2017-08-29)
· The Evening Standard Publishes a Signed Article by Ambassador Liu Xiaoming Entitled"Chinese investment in the UK is an opportunity not a threat"(2017-08-21)
Remarks by H.E. Ambassador Liu Xiaoming at the Opening Ceremony of the Bank of China Private Banking Service Centre (London)
14 November 2017
2017/11/14

Vice President Zhang Qingsong,

Second Permanent Secretary Charles Roxburgh,

Chairman Catherine McGuinness,

Ladies and Gentlemen,

Friends:

It is a great pleasure to join you at the opening of the Bank of China Private Banking Service Centre in London. May I first of all express my warmest congratulations!

Ten days ago, I came back from Beijing after attending the 19th National Congress of the Communist Party of China. This epoch-making congress has a profound and far-reaching impact on the CPC, on the country and on the future development of the Chinese nation.

Also ten days ago, the Bank of China London Branch marked its 88th anniversary. As you may know, to the Chinese people, "eight" is a lucky number. So, I hope 88 will double the good luck for the Bank of China London Branch.

Over the past 88 years, the Bank of China London Branch has borne witness to the enormous changes in both China and Britain. It has seen the historic progress of China-UK relations. And it has been growing alongside the booming China-UK financial cooperation.

Today, the Bank of China is taking a new step forward with this opening of the Private Banking Service Centre in London.

I think this has three fold significance.

First, it is a new evidence of China's strong commitment to reform and opening-up.

Staying open to the world is the only way to prosperity and development.

The 19th Party Congress makes it explicitly clear that "China will not close its door to the world; we will only become more and more open."

By setting the goal of "pursuing opening up on all fronts", the 19th Party Congress provides answers to a series of questions:

  • Will China continue to open up in the new era of socialism with Chinese characteristics?
  • How will China advance its opening-up efforts?
  • What is the best way to achieve opening-up?

The answer is, China will open up in all fronts. This means wider areas and greater depth. This also means more innovation, better planning and higher quality.

The Bank of China has clearly seized the new momentum in China-UK relations. It is working exactly to meet the new demand in our bilateral cooperation.

The opening of the Private Banking Service Centre here in London is the best illustration of China's efforts to advance opening-up in all fronts.

Second, today's event showcases a new progress in China-UK financial cooperation.

London is a world financial centre. Financial cooperation has always been an indispensable part of the overall business ties between China and the UK.

Over the past years, we have had extensive and diversified cooperation in the fields of banking, asset management, insurance, fin-tech, etc.

The outcomes have been fruitful.

  • Last year, China's Ministry of Finance issued in London three billion RMB sovereign bond. This was the first of its kind ever issued outside China.
  • Also in London, the first Green Covered Bond of the Bank of China was successfully listed. The response from investors across the UK and the world was overwhelming.

Looking ahead, China-UK financial cooperation is going deeper, more diversified and customized.

By opening the Private Banking Service Centre, the Bank of China has caught the latest trend and will give new impetus to China-UK financial cooperation.

Third, today's event also demonstrates a new momentum in the booming international business of Bank of China.

The Bank of China London Branch has a significant place in China's financial history and China's financial cooperation with the world.

  • It is the first overseas branch ever set up by a modern Chinese bank.
  • This marks the very first step of China's financial sector expanding its operation internationally.

In recent years, the Bank of China UK has benefited from London's prowess as a global financial centre.

  • It has worked constantly to improve its international operation.
  • It has provided quality services to Chinese and British companies here in the UK.
  • It has made active contribution to China-UK business cooperation.

The opening of the first Private Banking Service Centre outside Asia by Bank of China represents a major step forward in the international development of Bank of China.

It is also a new highlight in China-UK financial cooperation.

In conclusion, let me quote an ancient Chinese saying:

"A mountain stands tall for it sits on solid rocks. A river runs long for it never stops taking in brooks and streams."

The China-UK "Golden Era" calls for the unremitting efforts of people from all walks of life from both our two countries.

We must keep moving forward step by step.

We must keep making progress bit by bit.

In this new era, I hope the Bank of China London Branch will live up to its new mission and achieve new success.

I hope you will make new and greater contribution to China-UK "Golden Era".

Thank you!

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