Wang Zhenyong, deputy chief executive of lease financing at ICBC Leasing, said he is hoping to build on the Chinese bank’s already strong relationship with the City of London post-Brexit.

Speaking at the Chinese Shipping Association of London (CSAL) event during London International Shipping Week (LISW) he described the UK as a “key partner” in China’s belt and road initiative.

“In the shipping sector both countries complement and benefit each other,” he said.

Zhenyong said that ICBC’s ship leasing business already has strong links to London through the finance and bond market, while most of its marine insurance needs are also covered through the London market.