Ambassador Liu Xiaoming at the speech on the housewarming ceremony of China ICBC (London) Ltd.

(April 23, 2012)

Dear Brewer Jazz
Dear Mr. Stephen Perry,
Dear China Industrial and Commercial Bank of China Vice Chairman and President Mr. Yang Kaisheng
Miss Wang Lili, respect China's ICBC (London) Limited and Chairman,
Ladies and Gentlemen:

First of all, on behalf of the Chinese Embassy in Britain expressed warm congratulations on China's ICBC (London) Limited housewarming.

This is my arrival more than two years since the Fourth to attend a Chinese-funded institutions relocation ceremony. I had a feeling encouraged, because it not only indicates that Chinese enterprises to forge ahead in the UK continue to grow and develop, also shows that the Sino-British financial cooperation promising and broad prospects.

At present, the pace of internationalization of Chinese enterprises continue to accelerate, increasing attention to the role of the British international financial center, information center and innovation center, value the excellent investment environment for development in the United Kingdom. According to the latest data, in 2011, the UK invested 59 countries of the British investment ranked sixth, the direct creation of employment over 1400. The financial industry is precisely the focus of Chinese-funded enterprises in the British investment. At present, China's five major commercial banks of workers and peasants in the establishment of diplomatic relations has been achieved in London gathered. I look forward to see more Chinese-funded enterprises settled in England or New Location in the future.

A number of Chinese-funded institutions and enterprises have settled down in the UK or expanding investment, indicating that the Chinese confidence in the Sino-British economic and trade cooperation prospects. This year is the 40th anniversary of the establishment of diplomatic relations at ambassadorial level. Mutually beneficial cooperation in the pattern of the past 40 years, the Sino-British economic and trade relations from mere trade development of economic cooperation between trade, investment, technology transfer and joint research and development, comprehensive, flexible, formed a multi-domain, multi-channel, multi-agent . The two governments attach great importance to bilateral economic and trade cooperation. Just last week, the CPC Central Committee Political Bureau Standing Committee Li Changchun Mr. and Ms. State Councilor Liu Yandong has visited Britain to access not only to promote the Sino-British cultural exchanges, and promote mutually beneficial cooperation in various fields, including the two countries including trade and economic. I believe that, with the two countries' economic structure adjustment and upgrading, the potential of the Sino-British economic and trade cooperation will be further release and cooperation opportunities will continue to emerge.

Industrial and Commercial Bank of China since 1999 for the first time since the "Fortune" magazine world's top 500 ranking is climbing, ranked 77 to last year, ranking the first of the major domestic banks. Industrial and Commercial Bank of China also has a "market value of the world's largest, most profitable global", "deposits of the highest in the world" and a number of titles, with up to $ 44.4 billion brand value. China ICBC (London) Ltd opened in 2003 in less than 10 years, the business ready to take shape, and now has developed into a high visibility of the London financial city, a strong degree of internationalization of commercial banks, so well, indeed gratifying.

Today, when I walked into this in the City of London, was built in the late 19th century and early 20th century building, could not help feel it prudent style and deep inside, with ICBC's corporate culture can be described as the same strain. Hope that the ICBC (London) in this new world, adhering to the "workers in good faith, OK to Zhiyuan" development concept, and the great exhibition, Tsun Yip Yat!

Thank you!