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    Home > Finance > Bank of England governor to visit China with finance minister, Sky News says
    Finance

    Bank of England governor to visit China with finance minister, Sky News says

    Published by Global Banking & Finance Review®

    Posted on December 21, 2024

    2 min read

    Last updated: January 27, 2026

    The image depicts Bank of England Governor Andrew Bailey and UK Finance Minister Rachel Reeves, highlighting their upcoming visit to China for economic discussions, aimed at enhancing UK-China financial relations.
    Bank of England Governor Andrew Bailey and finance minister visiting China - Global Banking & Finance Review
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    Quick Summary

    Bank of England's Andrew Bailey and UK finance minister Rachel Reeves to visit China to revive economic talks. This marks a step towards improving UK-China relations.

    Bank of England Governor to Visit China with UK Finance Minister

    LONDON (Reuters) - Bank of England Governor Andrew Bailey will accompany British finance minister Rachel Reeves to China next month, Sky News said on Saturday, on a visit intended to revive high-level economic and financial talks that have been frozen since 2019.

    Sky News said Bailey was expected to hold talks with Pan Gongsheng, the governor of the People's Bank of China, and that Nikhil Rathi, the chief executive of the Financial Conduct Authority, would also accompany Reeves.

    The Bank of England did not immediately reply to a Reuters request for comment.

    Britain suspended most economic dialogues with China in 2020 after Beijing imposed a national security law in Hong Kong, a former British colony. Since then, spying allegations, the war in Ukraine, and the sanctioning of lawmakers have increased tensions between the two countries.

    The Labour government, in power in Britain since July, has made improving ties with China one of its main foreign policy goals after a period under successive Conservative governments when relations plunged to their lowest in decades.

    (Reporting by Chandni Shah in Bengaluru and Catarina Demony in London; Editing by Hugh Lawson and Timothy Heritage)

    Key Takeaways

    • •Andrew Bailey to visit China with UK finance minister.
    • •Visit aims to revive economic talks frozen since 2019.
    • •Nikhil Rathi, FCA CEO, will also accompany the delegation.
    • •UK-China relations have been tense due to various issues.
    • •Improving ties with China is a key goal for the Labour government.

    Frequently Asked Questions about Bank of England governor to visit China with finance minister, Sky News says

    1What is the main topic?

    The article discusses the upcoming visit of Bank of England Governor Andrew Bailey and UK finance minister Rachel Reeves to China to revive economic talks.

    2Why were economic talks with China frozen?

    Economic talks were frozen due to tensions arising from China's national security law in Hong Kong and other geopolitical issues.

    3Who else will accompany the UK delegation?

    Nikhil Rathi, the chief executive of the Financial Conduct Authority, will also accompany the UK delegation.

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