MPs off to China, AI Summit key take aways, FTSE100 results, Taiwan in town
A Beijing to Britain briefing
Hello,
How does Beijing to Britain create alpha for our clients? We give them a months-long advantage about where Government interest looks to be heading, which lets them tweak their strategies accordingly. For example, over the summer we told clients we expect to see an uptick of bilateral engagement with Mongolia. Our reasoning was twofold: first, the country is extremely mineral rich and keen to bring in foreign investment (while both securing critical mineral supply chains and exporting British business are key priorities of this Government) and second, the UK and Mongolia celebrated 60 years of diplomatic relations earlier this year. We said this pairing “may create economic incentives for British companies to get involved,” because the Government will be keen to promote the UK’s private sector capabilities across renewable energy and critical minerals supply chains, as well as its ability to help build infrastructure.
Fast forward three months. On Monday, the Government announced Industry Minister Nusrat Ghani was heading to Mongolia to “boost opportunities for UK businesses across the critical minerals supply chain, bolster trade and investment ties and mark the 60th anniversary of the UK establishing diplomatic relations with the mineral-rich East Asian country.”
We’re not here to offer financial advice. But it is interesting to note that in that timeframe, shares bought in early summer would now be worth more in many of the companies that will profit from this bilateral engagement.
Back to this week’s briefing note, which is AI-heavy. That’s because the UK hosted the world’s first AI Safety Summit, attended by nearly 30 nations including the US and China, and major technology giants like Apple, Alibaba, DeepMind, Tencent and Meta. I’m pleased to say that paid Beijing to Britain readers will find an exclusive and sharp analysis note from Kayla Blomquist, AI Governance Researcher at the Oxford Internet Institute and Director of the Oxford China Policy Lab, further down this briefing. Also in this week’s note: Labour leader Keir Starmer’s first difficult foreign policy speech, British politicians visiting China, UK-Taiwan economic engagement, and FTSE100 results.
- Sam Hogg, Editor
In this week’s briefing:
Main points from the AI Safety Summit
Diplomatic activity in London, and British politicians to visit China
FTSE100 results
BGI Group