Liu Jun Meets with Rebecca Jackson, Executive Director of UK Prudential Regulation Authority

Deep News11-24

On November 24, Liu Jun, President of Industrial and Commercial Bank of China (ICBC), met with Rebecca Jackson, Executive Director of the UK Prudential Regulation Authority (PRA). The two sides exchanged views on the macroeconomic situation and the operations and development of ICBC's institutions in the UK.

ICBC currently operates several institutions in the UK, including ICBC London, London Branch, and ICBC Standard, providing clients with high-quality financial services such as financing, capital transactions, settlement and clearing, cash management, financial markets, and commodity trading. ICBC will fully implement the important consensus reached by the leaders of China and the UK, strengthen exchanges and cooperation with UK regulators and financial peers, and leverage the advantages of its UK-based institutions in terms of location, complementary investment and banking licenses, financial market transactions, and offshore RMB business. The bank aims to enhance financial services, boost its competitiveness and brand influence in the UK market, and contribute to the continuous advancement of Sino-UK economic and trade cooperation.

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