Chinese banks to come to UK
Chinese banks will be able to apply to set up branches in Britain, Chancellor George Osborne has announced during a visit to the country.
Chinese banks will be able to apply to set up branches in Britain, Chancellor George Osborne has announced during a visit to the country.
Chancellor George Osborne has said there will be a "streamlining and simplifying" of the visa system for Chinese nationals to head to the UK as he attempts to strengthen business ties with China.
He and London Mayor Boris Johnson have been touring Beijing and meeting with business leaders in an attempt to profit from China's interest in Britain and its culture and industry.
ITV News' China Correspondent Angus Walker reports from the city:
Boris Johnson and George Osborne head south today on their trade missions to China - the first after a chilly period in political relations.
Chancellor George Osborne has announced two new deals with China, one on nuclear power and the other on Chinese banks in the UK.
The Chancellor George Osborne aims to build bridges with China in his high profile trade mission to the country.