Han Lin in Financial Times: ‘If we look at how China looks at Starmer’s visit, I don’t think they’re looking for British factories to be set up in China, I think they want more British capabilities . . . finance, asset management, life sciences, education, green standards’
Han Lin, China managing director for the Asia Group, said it was “too difficult” for UK banks to compete domestically for reasons that were “non-political”, including the “cost prohibitive” nature of setting up branches, though he noted that HSBC and Standard Chartered were “much more established” in China due to their association with Hong Kong.