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    Home > Finance > China meets with UK firms including HSBC and Swire before Starmer visit
    Finance
    China meets with UK firms including HSBC and Swire before Starmer visit

    Published by Global Banking and Finance Review

    Posted on January 23, 2026

    2 min read

    Last updated: January 23, 2026

    China meets with UK firms including HSBC and Swire before Starmer visit - Finance news and analysis from Global Banking & Finance Review
    Tags:business investmentInternational tradefinancial services

    Quick Summary

    Chinese officials met with UK firms like HSBC before Starmer's Beijing visit, focusing on trade cooperation. No major announcements expected.

    Table of Contents

    • China's Engagement with British Businesses
    • Key Participants in the Meeting
    • Future Trade Prospects
    • Government Approvals and Diplomatic Relations

    Chinese Officials Engage with UK Firms Ahead of Starmer's Beijing Visit

    China's Engagement with British Businesses

    HONG KONG, Jan 23 (Reuters) - Top Chinese officials met with representatives from 30 British companies including Swire Group, HSBC and Intercontinental Hotels, the Commerce Ministry said in a statement on Friday.

    Key Participants in the Meeting

    British Prime Minister Keir Starmer visits Beijing next week, hoping to reinvigorate recently strained business ties.

    Future Trade Prospects

    Ling Ji, China's vice minister for commerce, attended the roundtable, where he said China and Britain should continue to deepen trade and investment cooperation, according to the ministry.

    Government Approvals and Diplomatic Relations

    Both sides should "adhere to win-win cooperation, give full play to the role of economy and trade", Ling said.

    China will work with Britain to promote cooperation in the service industry and welcomes British companies investing in consumption, green transformation, and science and technology, he said.

    However, a Chinese executive at a British firm who attended the meeting said they had not gained the impression that there would be significant announcements when Starmer visited.

    “China (they) don’t need British cars, pharmaceuticals is also replaceable. Professional services is good, so we’ll see,” they added.

    Britain's government gave approval on Tuesday for China to build its largest embassy in Europe in London, hoping to improve ties despite British and U.S. politicians' warnings that it could be used as a base for spying.

    (Reporting by Farah Master, Joe Cash and the Beijing newsroom; Editing by Muralikumar Anantharaman and Kevin Liffey)

    Key Takeaways

    • •Chinese officials met with 30 British companies.
    • •Key participants included HSBC and Swire Group.
    • •Focus on deepening trade and investment cooperation.
    • •China aims to promote cooperation in services and technology.
    • •No significant announcements expected during Starmer's visit.

    Frequently Asked Questions about China meets with UK firms including HSBC and Swire before Starmer visit

    1What is business investment?

    Business investment refers to the allocation of resources, usually money, into a business venture with the expectation of generating a profit or income.

    2What is trade cooperation?

    Trade cooperation involves countries working together to enhance trade relations, which can include agreements on tariffs, trade barriers, and investment opportunities.

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