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Chancellor of the Exchequer Phillip Hammond, UK's finance minister, welcomed the launch of the financing platform, saying small and innovative businesses are the backbone of UK's economy and they can now gain enhanced access to Chinese capital markets through the partnership.
Canyon Bridge, a China-backed private equity firm, officially acquired British chip-making giant Imagination Technologies for about 550 million pounds (4 million), the Financial Times reported Saturday.

Central SOEs in seven sectors, namely electricity, oil, natural gas, railway, civil aviation, telecommunication and the military industry are projected to undergo the mixed-ownership reform, the newspaper reported.
Chan said authorities were reviewing border control measures to bolster containment efforts, including assessing the necessity of shortening the time taken for customs clearance.
Cao Yuanzheng, chairman of BOCI Research, said the sustainable increase of Chinese incomes, especially the rising income level of its low-income group, will usher in an expansion of the Chinese market that will be shared by the world.
来源:资阳报