City of London must forge better links with India and China

The City needs to encourage better business relations with China and India or risk losing its elite status as a financial hub, according to a report.

The report by risk analysts Sami Consulting and Oxford Analytica found that London was not meeting its potential as a global competitor.

Indian employers were forging closer links with the US and Dubai, and Chinese businesses were also forming closer bonds with the US, the report said.

“City companies will need to seek out and develop long-term relationships with people at all relevant levels within the Indian and Chinese financial and business communities,” it said.

The report recommended that the UK widen its investment scope in India.

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