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1488539

registered interest
date	12/07/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Economic Cooperation: China
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they intend to hold the 11th UK–China Economic and Financial Dialogue before the appointment of the next Prime Minister; and if so, what are the reasons for making such arrangements.
tabling member printed	Lord Alton of Liverpool
uin	HL1661
answer	answer is ministerial correction date of answer 21/07/2022 answer text <p>The Government has no plans to hold the next 11<sup>th</sup> UK-China Economic and Financial Dialogue before the appointment of the next Prime Minister.</p><p> </p><p>Economic and Financial Dialogues remain an important mechanism for progressing our economic, financial and trade relationships.</p> answering member printed Baroness Penn question first answered 21/07/2022 11:36:08 answering member 4726 label Biography information for Baroness Penn
tabling member	738 label Biography information for Lord Alton of Liverpool

1488541

registered interest
date	12/07/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	China: Politics and Government
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government, in arrangements for the 11th UK–China Economic and Financial Dialogue, what consideration they have given to (1) reports that the Foreign Secretary described events in Xinjiang as a “genocide”, (2) threats to the territorial integrity of Taiwan, and (3) the statement by the Foreign, Commonwealth and Development Office in the Six-monthly report on Hong Kong, published on 31 March, that “fundamental parts of the ‘One Country, Two Systems’ framework have been undermined”.
tabling member printed	Lord Alton of Liverpool
uin	HL1663
answer	answer is ministerial correction date of answer 21/07/2022 answer text <p>Economic and Financial Dialogues (EFDs) provide an important mechanism for progressing our economic, financial and trade relationships. No date has been agreed for the next UK-China EFD.</p><p>We have been clear that we will not hesitate to stand up to China on our values where they are threatened.</p><p>The UK has led international efforts at the UN to hold China to account for its human rights violations in Xinjiang. We have imposed sanctions, including asset freezes and travel bans, on senior Chinese officials and taken steps to help ensure that no UK organisations are complicit in these violations through their supply chains. As a co-signatory to the Joint Declaration, we will continue to stand up for the people of Hong Kong, to call out the violation of their freedoms, and to hold China to their international obligations.</p> answering member printed Baroness Penn question first answered 21/07/2022 11:36:35 answering member 4726 label Biography information for Baroness Penn
tabling member	738 label Biography information for Lord Alton of Liverpool

1465586

registered interest
date	24/05/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Freezing of Assets: Russia
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what is the estimated value of Russian assets frozen to date; what further consideration are they giving to other assets that should be subjected to freezing orders; and what is the estimated value of those assets.
tabling member printed	Lord Alton of Liverpool
uin	HL468
answer	answer is ministerial correction date of answer 07/06/2022 answer text <p>Relevant firms are legally obliged to report to the Office of Financial Sanctions Implementation (OFSI) if they hold frozen assets of a designated person or entity they suspect to be on the list of asset freeze targets. OFSI is currently receiving a high volume of reporting about assets being frozen relating to sanctions imposed since Russia's invasion of Ukraine. This information is being collated and assured. Fuller details will be released in due course and will mark a substantial increase on previous assets reported as frozen under Russia sanctions.</p><p> </p><p>With our international allies, we have introduced the largest and most severe economic sanctions that Russia has ever faced. These coordinated sanctions will continue to go deeper, broader and sharper, with a focus on those that can have the biggest impact.</p> answering member printed Baroness Penn question first answered 07/06/2022 11:25:44 answering member 4726 label Biography information for Baroness Penn
tabling member	738 label Biography information for Lord Alton of Liverpool

1435366

registered interest
date	24/02/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Hikvision: Corporation Tax
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how much corporation tax Hikvision paid to the Exchequer in (1) 2021, (2) 2020, (3) 2019, and (4) 2018.
tabling member printed	Lord Alton of Liverpool
uin	HL6408
answer	answer is ministerial correction date of answer 07/03/2022 answer text <p>The information requested cannot be provided.</p><p> </p><p>HMRC has a legal duty to maintain the confidentiality of taxpayer information and disclosing information to persons outside of HMRC is only allowed in a limited number of circumstances. These are set out in Section 18 of the Commissioners of Revenue and Customs Act 2005.</p> answering member printed Baroness Penn question first answered 07/03/2022 14:28:45 answering member 4726 label Biography information for Baroness Penn
tabling member	738 label Biography information for Lord Alton of Liverpool

1379739

registered interest
date	17/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Companies: China
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how many Chinese companies have representatives participating in advisory groups convened by HM Treasury; and how many meetings Treasury (1) ministers, and (2) officials, had Chinese companies in the last year.
tabling member printed	Lord Alton of Liverpool
uin	HL4119
answer	answer is ministerial correction date of answer 30/11/2021 answer text Ministers and officials meet with a wide range of stakeholders in the course of normal business. Details of all official meetings by ministers are published on <a href="http://www.gov.uk" target="_blank">www.gov.uk</a>. answering member printed Lord Agnew of Oulton question first answered 30/11/2021 17:47:06 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	738 label Biography information for Lord Alton of Liverpool

1362384

registered interest
date	21/10/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Assets and Bank Services: Hong Kong
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made, if any, of (1) UK assets and bank accounts owned by officials of the government of Hong Kong, and (2) the UK property market’s exposure to the Evergrande liquidity crisis.
tabling member printed	Lord Alton of Liverpool
uin	HL3263
answer	answer is ministerial correction date of answer 04/11/2021 answer text <p>The Government does not comment on the financial positions of individuals.</p><p> </p><p>In its October 2021 record, the Financial Policy Committee of the Bank of England noted that “the interim results of the 2021 Solvency Stress Test indicate that the UK banking system is resilient to the direct effects of a severe downturn in China and Hong Kong, and sharp adjustments in global asset prices”.</p> answering member printed Lord Agnew of Oulton question first answered 04/11/2021 15:46:12 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	738 label Biography information for Lord Alton of Liverpool

1362385

registered interest
date	21/10/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Assets: China and Hong Kong
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the number of officials of the government of Hong Kong whose families hold UK citizenship; and what plans they have, if any, to audit the UK assets of officials of the governments of (1) Hong Kong, and (2) China.
tabling member printed	Lord Alton of Liverpool
uin	HL3264
answer	answer is ministerial correction date of answer 04/11/2021 answer text The Government does not assess the number of officials of the government of Hong Kong whose families hold UK citizenship. The Government does not comment on the financial positions of individuals. answering member printed Lord Agnew of Oulton question first answered 04/11/2021 15:45:39 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	738 label Biography information for Lord Alton of Liverpool

1347918

registered interest
date	19/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Workplace Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how much was invested by (1) the Principal Civil Service Pension Scheme, (2) the NHS Pension Scheme, (3) the Teachers’ Pension Scheme, (4) the Local Government Pension Scheme, (5) the Firefighters’ Pension Scheme, and (6) the Armed Forces Pension Scheme, into (a) Alibaba, (b) Tencent, (c) China Construction Bank, (d) China Petroleum & Chemical Corporation, and (e) China National Offshore Oil Corporation, between 2014 and 2020.
tabling member printed	Lord Alton of Liverpool
uin	HL2136
answer	answer is ministerial correction date of answer 30/07/2021 answer text <p>The main unfunded public service pension schemes have not invested in any of the mentioned companies.</p><p> </p><p>Most Public Service Pension schemes are unfunded Defined Benefit pension schemes, with the exception of the Local Government Pension Scheme. Members’ pension benefits are set out in statute and there is no fund of assets from which pension benefits are paid. Employer and employee contributions are paid to the relevant public service pension scheme, but these contributions are not invested. Instead, the public service pension scheme uses the contributions to meet the cost of pensions in payment. Where there is a difference between pensions in payment and total contributions, the difference is made up by HMT through Annually Managed Expenditure (AME).</p><p> </p><p>The Local Government Pension Scheme is a funded scheme in which all the assets are owned by the administering authorities, which are responsible for the management of their investments. The data requested is not held centrally.</p> answering member printed Lord Agnew of Oulton question first answered 30/07/2021 09:35:05 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	738 label Biography information for Lord Alton of Liverpool

1343438

registered interest
date	05/07/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government how much was invested by the (1) Principal Civil Service Pension Scheme, (2) NHS Pension Scheme, (3) Teachers’ Pension Scheme, (4) Local Government Pension Scheme, (5) Firefighters’ Pension Scheme, and (6) Armed Forces Pension Scheme, into (a) Huawei Technologies Co., LTD., (b) Huawei Investment & Holding Co., LTD., and (c) Hangzhou Hikvision Digital Technology Co., LTD, in the period between 2014 and 2020.
tabling member printed	Lord Alton of Liverpool
uin	HL1662
answer	answer is ministerial correction date of answer 15/07/2021 answer text <p>The main unfunded public service pension schemes have not invested in any of the mentioned companies.</p><p> </p><p>Most Public Service Pension schemes are unfunded Defined Benefit pension schemes, with the exception of the Local Government Pension Scheme. Members’ pension benefits are set out in statute and there is no fund of assets from which pension benefits are paid. Employer and employee contributions are paid to the relevant public service pension scheme, but these contributions are not invested. Instead, the public service pension scheme uses the contributions to meet the cost of pensions in payment. Where there is a difference between pensions in payment and total contributions, the difference is made up by HMT through Annually Managed Expenditure (AME).</p><p> </p><p>The Local Government Pension Scheme is a funded scheme in which all the assets are owned by the administering authorities, which are responsible for the management of their investments. The data requested is not held centrally.</p> answering member printed Lord Agnew of Oulton question first answered 15/07/2021 14:01:14 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	738 label Biography information for Lord Alton of Liverpool

1314957

registered interest
date	17/05/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Foreign Exchange
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to implement full foreign exchange price transparency by financial institutions.
tabling member printed	Lord Alton of Liverpool
uin	HL249
answer	answer is ministerial correction date of answer 27/05/2021 answer text <p>Since April 2020, provisions of the amended Cross Border Payments Regulation (also known as CBPR2), which require transparency of currency conversion fees and charges for certain payments, have applied in the United Kingdom. This regulation is intended to enable consumers to make informed decisions when purchasing currency conversion services. Amendments to this regulation were made by the Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020.</p><p>The FCA is the relevant regulatory authority with responsibility for monitoring and enforcing the requirements of the onshored UK legislation. Should the FCA have concerns regarding firms’ compliance with the requirements, it will take appropriate action as necessary.</p> answering member printed Lord Agnew of Oulton question first answered 27/05/2021 14:54:15 answering member 4689 label Biography information for Lord Agnew of Oulton
tabling member	738 label Biography information for Lord Alton of Liverpool