World Business News

A round up of the latest news for those doing business internationally

China’s banking leader rejects fears over British exit from EU

Zone(s): China, UK ¦ Sector(s): Economy, International Trade

[18 June 2014, BBC News] By Kamal Ahmed, Business editor: After a series of global business leaders insisting that Britain’s membership of the European Union is an important part of their decision to invest in the UK, one of China’s most senior financial figures has said it doesn’t actually matter.

In an interview with the BBC, the chairman of China Construction Bank, Wang Hongzhang, said London was the leading centre for financial services in Europe, a position that would not be affected by any decision on Europe. “Whether the UK will stay in the EU or not, will not do any harm to trade and economic ties or financial relations between the UK and China,” he told me.

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