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Speech by Ashley Alder, FCA chair, at Caixin Media's London Atlantic Dialogue event.
Just a few people know that I used to be a fairly serious mountaineer. During my years living in Hong Kong, I would often escape the city to hike across the hills in the remoter parts of the New Territories.And more challenging climbs in the European Alps usually involved long days navigating glaciers, cliffs of ice and knife-edge ridges to get to the summit.These days you’re more likely to find me grappling with a mountain of paperwork than Mont Blanc. But much like mountain climbing, I’ve found that the path of economic and regulatory partnership isn’t always a straight line.We routinely encounter false summits and switchbacks. Or as Vice Minister Liao put it recently, some ‘ups and downs.’ But the view from the top – shared growth, greater financial resilience, global influence – is worth the effort.With the success of January’s UK-China Economic and Financial Dialogue, I am optimistic thatfinancial cooperation is on the rise. The Chancellor’s visit to China, accompanied by Nikhil Rathi, our Chief Executive, showed that this partnership matters at the highest political and regulatory levels.But as every climber knows, intent alone doesn’t get you to the top. And today I want to outline a route that I believe leads to deeper, more durable UK-China financial cooperation.
https://www.fca.org.uk/news/speeches...al-partnership