Bowman made the remarks at the China-U.K. Fintech Forum held in Shenzhen yesterday. "London and Shenzhen are both important fintech centers," he said.
The forum was aimed at deepening bilateral exchanges on the key technologies of fintech, AI (artificial intelligence) and blockchain, between China and the United Kingdom.
The Lord Mayor is visiting China from March 19 to 28 to promote bilateral trade and investment, as well as London's role in the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area.
The nine-day visit, bringing London's senior figures from sectors such as banking, insurance and accounting, will include Hong Kong, Shenzhen, Shanghai and Beijing.
In particular, Bowman's visit to Shenzhen highlights the potential for further collaboration in the area of fintech between the two countries.
In an interview with Shenzhen Daily, Bowman shared his views on London's financial advantages and what experiences Shenzhen can draw from the city.
"The policy [in London] is relatively open. There is a lot of private investment from both major financial service providers and some innovative startups. In addition, the distance between financial companies and the regulatory institution is very close. It's like a 'one-stop shop,'" said Bowman.
He also believes that as a tech center and a financial center, Shenzhen will enjoy natural advantages in embracing the fourth industrial revolution, especially in the area of fintech.
According to statistics from the leading research company, iResearch, the revenue from China's fintech enterprises totaled 654.1 million yuan (US$103.3 million) in 2017, soaring 55.2 percent compared to 2016.
Along with Beijing and Shanghai, Shenzhen remains one of the top three fintech centers in China.
Source:Shenzhen Daily
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