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LONDON Jamie McGinn Panthers 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, 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,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," 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,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, 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, Brexit has not made anydifference to us at the moment. If anything, we have never beenbusier," he said. Enditem
DEBRECEN, March 17 (Xinhua) -- Anna Duskova (16) and Martin Bidar (17) of the Czech Republic took gold in pair skating, the first medals awarded at the ISU World Junior Figure Skating Championships 2016, in Debrecen, Hungary on Thursday.
The Czech duo, who took the lead after the short program on Wednesday with 64.71 points, maintained their lead in free skate as well, gaining 117.11 points for a total of 181.82 points.
They were followed by Anastasia Mishina (14) and Vladislav Mirzoev(19) of Russia, with Ekaterina Borisova (16) and Dmitry Sopot (17), also of Russia, finishing third. The two Russian duos got 172.60 points and 169.00 points respectively.
The Chinese duo of Gao Yumeng (14) and Li Bowen (16) finished in 13th place with 112.56 points.
The men's free skating and awards will be on Friday, and the ladies' free skating and ice dance free dance will be on Saturday.
The event ends on Sunday with a gala performance of the top placed skaters.
Under World Juniors' rules, skaters must be at least 13 years old but not yet 19 before the previous July 1, except for the men competing in pair skating and ice dancing who may compete up until age 21.
A total of 177 skaters from 44 ISU members entered for the Championships.
HONG KONG, Oct. 25 (Xinhua) -- A ferry sailing from Macao to Hong Kong hit an object in the waters near Lantau Island on Sunday, leaving 27 people slightly injured, Hong Kong police said.
The high-speed ferry, which was carrying 163 passengers and 11 crew members, lost propulsion after the accident.
It is operated by Shun Tak China Travel Ship Management Limited,
Water police and firefighters have arrived at the accident scene to help with the rescue effort.
The injured will be sent to hospitals for further examination and treatment, police said.
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