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Politics

Emotional send-off for Xi shows confidence in country's future (3)

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2015-10-26 08:26China Daily Editor: Wang Fan

Agreements struck

Deals signed during President Xi's UK visit

Healthcare

Britain announced the signing of more than 2 billion pounds ($3.06 billion) in healthcare trade deals between China and UK companies, universities and organizations.

Finance

People's Bank of China issued its first onshore renminbi bonds in London. The bonds are worth 511 million pounds, with an interest rate of 3.1 percent.

Insurance market LIoyd's of London struck a partnership agreement helping China Taiping expand its global business network.

China and Britain have renewed their local currency swap agreement for another three years and increased the swap line from 20.44 million pounds to 35.77 million pounds.

Aviation

Engineer Rolls-Royce has signed a deal worth 1.4 billion pounds with HNA Group to provide Trent 700 engines to power 20 Airbus A330s. Rolls-Royce and HNA Group have also agreed to a Total Care package to produce nine Trent 700 engines and 15 Trent XWB engines.

Hainan Airlines will announce the first direct flights between Manchester and China - a deal that Britain said could boost the city's economy by 50 million pounds.

Nuclear

China has agreed to invest 6 billion pounds in Electricite de France SA's Hinkley Point nuclear project in southwestern England.

Consortium led by China General Nuclear Power Corp takes a 33.5 percent stake.

Auto industry

Aston Martin signed a deal worth 50 million pounds with China Equity to develop its electric Rapide S sports car.

Geely, which owns the London Taxi Co, will invest 50 million pounds to enhance its research capability and launch a new fleet of zero-emission capable cabs.

JaguarLand Rover will introduce a new aluminum body plant at a factory in China where it has a joint venture with Chery.

Oil industry

BP has signed a 650 million pound liquefied natural gas supply deal with Huadian.

BP will supply about 1 million tons of LNG per year to Huadian, China's largest gas-fired power generator.

Cruise

Carnival Corp, the world's largest cruise ship operator, has signed a 2.6 billion pound deal to make new ships.

Culture, education and entertainment

A branch of the Legoland amusement parks is to open in Shanghai under a 195 million pound joint venture investment by Britain's Merlin Entertainments Plc.

The University of York has developed a TV trading program worth 200 million pounds working with China Capital Investment Group. The program will recruit up to 300 international students a year.

The finalization of Hong Kong firm Netdragon Websoft's 85 million pound acquisition of Promethean World Plc is expected to be announced.

Infrastructure

ABP (China) Holdings Group Ltd. has brought in Citic Construction Co as an investor in a project to transform London's Royal Albert Dock into a financial center after the estimated cost surged to 1.7 billion pounds.

  

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