Chancellor George Osborne has had formal meetings with the Chinese government today.
Afterwards he made two main announcements.
Government officials insisting that security and safety concerns have been addressed and the same high standards of checks and assurances would apply to any foreign country wanting to be involved in sensitive infrastructure deals.
Secondly, Chinese banks will be allowed greater access to Britain. The five largest Chinese banks have long been lobbying to be allowed to open full branches in the UK a status which allows them access to their entire reserves.
– George Osborne, Chancellor
Today we agree the next big step, by laying the ground for London to become a major global centre for the investment of RMB back into China.
This should make it easier for British firms to do business with China. It also helps make the UK look more 'China friendly' in an age where lots of European countries are competing for foreign investment.
I asked the Chancellor that while he and UK government appear to be rolling out the red carpet for Chinese firms, for UK businesses China can still be a tough environment to operate in, with state run companies enjoying subsidised credit and property costs for example.
Plus a less than transparent regulation and legal system.
He agreed it has it be two way traffic but that making it easier for China, the world's second largest economy, to do deals in Britain can only help generate jobs in the UK and help the economy recover.