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Chinese banks to come to UK

Chinese banks will be able to apply to set up branches in Britain, Chancellor George Osborne has announced during a visit to the country.

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China visa changes 'good news for British business'

George Osborne has hailed plans to relax visa rules for Chinese nationals as "good news for British business".

According to the Government, last year 210,000 visas were issued to visiting Chinese nationals who went on to contribute an estimated £300 million to the British economy.

Mr Osborne said:

These changes will streamline and simplify the visa application process for Chinese visitors, while ensuring the system is strong and secure. This is good news for British business and tourism.

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