(Ebru News/AP) British Prime Minister Gordon Brown opened a local office of the London Stock Exchange in Beijing today stepping up its rivalry with US markets to attract listings by fast-growing Chinese companies expanding abroad.
Gordon Brown, British Prime Minister said:
"I believe that this announcement today and this opening today means good fortune both for London and for China."
Brown has launched a major offensive to position Britain as China's premier international business partner, offering London as a base for distribution of China's state fund for private investment.
Brown said China's 200 billion dollar government investment fund could offer significant capital for British businesses, adding he did not share the concerns of other countries about such state funds.
China has increasingly become the focus of a charm offensive from Europe and the United States as its explosive growth slows little signs of slowing, despite the headwinds of the global credit crisis.
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London Stock Exchange Office in China
18
Jan
2008
Jan
2008
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