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David Cameron invites CEO of Haitong Bank for Meeting

The economic newspaper Diário Económico highlights the encounter

The British Prime Minister invited to personally meet José Maria Ricciardi, CEO of Haitong Bank. David Cameron wanted to know the plans of the Portuguese Bank, recently bought by the Chinese, for the British market. Attending the meeting was Luis Luna Vaz, whom explained that Haitong Bank has the ambition to be the 'hub' in London for transactions in Chinese currency (renminbi).

The Prime Minister welcomed the sale of BESI, which in turn  brought to London, one of the largest Chinese Investment and Securities Firms (Haitong Securities), according to a source from the Bank.

The Chinese intend to strengthen their position in Europe through acquisitions, and its General Manager, Hiroki Miyazato, already assumed to the FT that they are currently looking for a Manager of European Assets and a US Manager of Investment Funds. Hiroki Miyazato also told the FT that they intend to expand their Asset Management activities, 'Research' and Financial Advisory services in Mergers and Acquisitions.


Read the article online:
Diário Económico (portuguese version only)

<p>David Cameron with Luís Luna Vaz, CEO of Haitong UK</p>

David Cameron with Luís Luna Vaz, CEO of Haitong UK