Chinese Vice Premier Ma Kai will pay official visit to Ireland early in the week of 27th October 2013
A “princeling” (his father was a Minister of Finance and Trade), Shanghai born Ma Kai is a Wen Jiabao protege, and 4th ranked of the 4 vice ministers, will arrive in Dublin next week for talks with Eamon Gilmore “Irelands deputy prime minister (Source / read more: http://news.xinhuanet.com/english/special/18cpcnc/2012-11/15/c_131977291.htm)
According to Bloomberg (Source: http://www.bloomberg.com/news/2013-03-16/who-s-who-in-china-s-new-government-leadership-lineup.html) Vice Premier Ma is “..one of the top officials in charge of running the world’s second-biggest economy”..
Recently he has been very much at the forefront of EU-China dialogue:
- Prior to his visit to Ireland Vice Premier Ma is leading the Chinese delegation at the fourth High-Level Economic and Trade Dialogue taking place today in Brussels to discuss trade and investment frictions.
- Last week he also co-hosted with Chancellor George Osborne the recent 5th UK-China Economic and Financial Dialogue at which London’s role as a global offshore hub for RMB trading and consequently a hub for RMB investment into China were strengthened.
On his visit to Ireland Vice Premier Ma will possibly be accompanied by Trade Minister Gao Hucheng and it will be interesting to see whether the potential for cooperation with our own financial sector, as in IFSC, is raised in deliberations with their Irish counterparts. Or perhaps in the face of moves towards EU tax harmonisation and recent coups regarding London’s role as a global offshore hub for RMB trading the Chinese no longer view the IFSC offering as being attractive, if they ever did.
Managing Director, Accurate Group Ireland China Market Makers (Route to Market, Export, Import, Partner Due Diligence)
China Office : Niall O’Reilly, Accurate Group China 1-3 Ying Hui Xing Zhou, Jiang Nan Shui Xiang Lian Sheng Road, Yu Hang District, Hangzhou. China 310023| O: +86 571 8709 1253
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