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Brexit

London looks to Asia for its post-Brexit survival

Financial services are turning eastward to capture growth from rising economies and the Belt and Road Initiative

The City is eager to help fund Belt and Road Initiative infrastructure projects like this railway station in Kenya
The City is eager to help fund Belt and Road Initiative infrastructure projects like this railway station in Kenya Photo: Getty Images

Depending on your political outlook, Brexit will either open up a host of fresh business opportunities around the world, or force the UK to look further afield to make up for new trade frictions with the European Union. Either way, Britain is set to have a greater international presence — and for financial services, that means addressing the dragon in the room.

“If we do become global Britain, clearly there will be a shift from west to east,” said Richard Chenga-Reddy, global head of regulatory affairs at Standard Chartered, the British bank.

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