Li keqiang, Li keqiang attended the Sino-British financial Forum | | visits-British financial Forum _ news

Xinhuanet, London, June 18 (reporters Wu Cong and and Wu Xintao)-Premier Li keqiang 18th morning local time in London, attended and addressed the Forum on Sino-British financial.

Li said that in recent years, Sino-British financial cooperation becoming increasingly close, fast forward, was a highlight of bilateral cooperation. London has become one of Asia's most important offshore markets. This time we announced the creation of renminbi clearing bank in London, currency and sterling transactions directly, improve market infrastructure, reduce transaction costs and exchange rate risks, and to promote better development of bilateral investment and trade.

Li pointed out that China will deepen reform and opening up, guided by market principles, adapt to development needs, eliminating unreasonable barriers for domestic and international financial and economic cooperation and development to provide the necessary basic services. We are speeding up the interest rate market-oriented reform, widening of the Yuan's floating range, relaxing the entry of private capital into the financial sector, including financial services, opening up will be further expanded.

Li stressed that Sino-British financial services complement each other, facing new opportunities of cooperation. Hoped that the two sides in the spirit of "open, mutually beneficial and pragmatic cooperation," the spirit, further strengthen communication, promote bilateral financial cooperation to a new level, a strong impetus for Sino-British comprehensive strategic partnership.

United Kingdom Chancellor of the Exchequer George Osborne said in his speech, financial cooperation is an important part of bilateral cooperation and made positive progress in recent years. Prime Minister Li keqiang during his visit to Britain, announced in London the Renminbi clearing bank, RMB started to direct transactions with Sterling so that Sino-British bilateral financial cooperation to a new level, will promote bilateral trade and investment cooperation. The British side is willing to further enhance the level of cooperation with the Chinese side, expect the Renminbi to play a greater role in the international monetary system.

Sino-British financial Forum by the people's Bank of China and the United Kingdom Treasury Department jointly held the British financial sector represent a total of about 200 people in attendance.

The same day, Li's wife Cheng Hong was invited to visit United Kingdom University of Oxford, and symposiums with some teachers.

(Edit: SN098)
03:21 June 19, 2014 Xinhua NET