Capital draw: UK Trade & Investment chief executive Sir Andrew Cahn (top) says that China Construction Bank's decision to locate its European headquarters in London's Canary Wharf (above) demonstrates that the city is still the leading financial center
When China Construction Bank, the world's second largest bank by market capitalisation, established its European headquarters in Canary Wharf in June, this was one of many recent votes of confidence in London's continuing leadership post the financial crisis. Speaking earlier in the year, Shaolin Xiao, CEO of the new operation, said: "International operations form an integral element of our strategy and the City of London is a fundamental component of this network."
