• Reuters

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China has asked Britain for advice on plans to create a financial superregulator as it looks to improve financial oversight following last year’s stock market crash, sources with knowledge of the talks say.

The discussions between representatives from China and the U.K. Foreign Office and Treasury highlight Britain’s burgeoning relationship with Beijing on financial issues, notwithstanding this past week’s gaffe by Queen Elizabeth II, who was caught on camera grumbling that Chinese officials accompanying President Xi Jinping on a visit to the U.K. last year had been “very rude to the ambassador.”

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