To build the Sino-U.K. financial and tech town, Qianhai signed a strategic cooperation framework agreement with British Canary Wharf Group plc. and China Bridge Capital at 10 Downing Street on Friday.

The agreement said that the three parties would establish the town in Qianhai and promote the development of finance, technology and other modern services in the area, creating a global financial industry complex and a financial ecosystem.

This move aims to enhance the economic and trade cooperation between China and the U.K. and implement the requirement given by Shenzhen Party chief Xu Qin to deepen the cooperation between Chinese and U.K. enterprises in financial innovation.

Ahead of signing the agreement, the Qianhai delegation, which was led by Tian Fu, director of the Qianhai-Shekou Pilot Free Trade Area Authority, visited the Canary Wharf Group, where its chief executive, Sir George Iacobescu, introduced the development and operation of Canary Wharf.

Canary Wharf is a major business district located in Tower Hamlets, East London. It is one of the U.K.’s two main financial centers and is the harbor of many world-famous headquarters, such as Credit Suisse, HSBC, Infosys, J.P. Morgan and Morgan Stanley.

The delegation also met the Deputy Mayor of London, Rajesh Agrawal, officials of investment promotion and the HSBC management to discuss building an HSBC regional headquarters in Qianhai.

(Source: Shenzhen Daily)