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|LONDON Omar Gonzalez World Cup Jersey , Aug. 30 (Xinhua) -- Chinese investment offers "a greatopportunity" for both China and London as uncertainties remain overnegotiations on Brexit, senior officials of the City of London saidTuesday.
"We welcome investment from around the world and certainly wewelcome all the Chinese investors," said Gwyn Richards, the head ofdesign and assistant director of Built Environment, toldXinhua.
In a signed article on the Evening Standard last week Nick Rimando World Cup Jersey , ChineseAmbassador to Britain Liu Xiaoming said the investment from hiscountry to Britain is mutually beneficial and win-win for bothsides, rebuffing the investment threat allegation.
Liu said that recent British media reports on the so-calledthreats of Chinese investment to British national security is aconfusing mixture of paranoia and exaggerations about China'sappetite to buy out Britain.
"That's certainly not the City's position," said Richards, "Wewelcome all the Chinese investors coming to us knocking on ourdoor. Certainly we do not see it as a threat. We see it as a greatopportunity for both the City and China." The City of London, aleading international financial and business services center Michael Bradley World Cup Jersey ,contributes 14 percent of London's GDP and over 3 percent ofBritish GDP.
Sherry Madera, the City of London special advisor for Asia saidChina is an important marketplace considering how it is expandinginternationally.
If London strives to be a global financial center in the contextof Brexit, it needs to taking care of its investments seriously,Madera said.
"As evidence to that, Chinese financial investors are some ofour key stake holders Matt Miazga World Cup Jersey ," said Madera.
The Asia advisor said cooperation with a diverse country likeChina could focus on a few "Tops" -- green finance, theinternationalization of renminbi (RMB), and cooperation to create alegal system for contract possibly along the Belt and Road.
The British government from 2010 onwards has played an activerole in promoting London's financial capabilities to China, one ofwhich was in propelling the internationalization of the Chinesecurrency RMB.
The advisor proposed a "2.0 next generation RMB initiative" inan effort to find different ways in using RMB internationally andusing London as the hub as the RMB continues to grow in the next 20to 30 years.
Noting that London is the western end of China's Belt and RoadInitiative, Madera sees the potential that London Stock Exchangecould serve as a key vehicle for raising finance not only in China Matt Hedges World Cup Jersey ,but also across the Belt and Road.
"We need to grow our relationship with China, and foster reallygreat link between the UK and China," she said.
Acknowledging that Brexit is "annoying, irritating andworrying," Medera said the City of London Matt Besler World Cup Jersey , along with most otherstakeholders are calling for clarity for how the Brexit negotiationwill be going forward.
Richards, on the other hand, seemed more optimistic. He said theCity of London remains strong to the challenges of Brexit and thedevelopment schemes and discussions in the City are on full swing.Activity from Asia-Pacific investors, including China, was at itshighest in five years in property investment in the City during thefirst half year of 2017.
"So certainly from my perspective Kellyn Acosta World Cup Jersey , Brexit has not made anydifference to us at the moment. If anything, we have never beenbusier," he said. Enditem
People check the remains of a car at the site of an explosion in Mogadishu, Somalia, May 24 Justin Morrow World Cup Jersey , 2017. At least five people were killed and an unknown number injured in a massive car bomb explosion targeting a restaurant near the sea port in Mogadishu on Wednesday. (XinhuaFaisal Isse)
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