Finance
China says its plans for new London embassy comply with laws
Published by Global Banking & Finance Review®
Posted on January 21, 2026
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 21, 2026
2 min readLast updated: January 21, 2026
China plans its largest European embassy in London, approved by the UK, ensuring compliance with international laws amid spying concerns.
BEIJING, Jan 21 (Reuters) - China has planned its new embassy building in Britain in full compliance with international diplomatic practices and relevant laws, a foreign ministry spokesperson said on Wednesday.
Britain gave approval on Tuesday for China to build its largest embassy in Europe in London, hoping to improve ties with Beijing despite warnings from British and U.S. politicians that it could be used as a base for spying.
It is a host nation's international obligation to provide support and convenience for the construction of diplomatic premises, Guo Jiakun told a regular press conference.
The approval process for the plans followed international diplomatic norms and British legal procedures, Guo said.
Beijing's plans to build a new embassy on the site of the two-century-old Royal Mint Court stalled for three years over opposition from local residents, lawmakers and Hong Kong pro-democracy campaigners in Britain.
Tuesday's decision came before an expected visit to China next week by Prime Minister Keir Starmer, the first by a British leader since 2018. Some British and Chinese officials said the trip was dependent on approval for the embassy.
Queried about the visit, Guo gave no information, saying only that deeper cooperation and exchange between China and Britain served their interests and those of the world, particularly in the "unstable and turbulent" global situation.
Britain and China aim to revive a "golden era" business dialogue on Starmer's visit, with top executives from both sides expected to participate, sources told Reuters.
(Reporting by Liz Lee; Writing by Shi Bu and Ryan Woo; Editing by Clarence Fernandez)
Compliance refers to the process of adhering to laws, regulations, and guidelines set by authorities. In finance, it ensures that institutions operate within legal frameworks.
International capital refers to funds that are invested across national borders. It plays a crucial role in global finance and economic development.
The London Stock Exchange is one of the world's oldest and largest stock exchanges, where shares of publicly traded companies are bought and sold.
A financial community consists of individuals and organizations involved in finance, including banks, investors, and regulatory bodies, who interact and collaborate in the financial markets.
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