BEIJING - The 11th China-UK Economic and Financial Dialogue will be held in Beijing on Saturday, the first time since 2019, according to the Chinese foreign ministry announced on Friday.

The dialogue will be co-chaired by Chinese Vice-Premier He Lifeng and British Chancellor of the Exchequer Rachel Reeves, serving as the lead persons of the Dialogue, said ministry spokesperson Guo Jiakun.

"The resumption of economic and financial dialogue between China and the UK aims to implement the important consensus reached by President Xi Jinping and Prime Minister Keir Starmer," he said at a press briefing.

The high-level dialogue mechanism, established in 2008, is an important platform for dialogue and cooperation on strategic, overall and long-term major issues in the economic and financial fields, said Guo.

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During the 11th dialogue, the two sides will discuss macroeconomic policies and economic globalization, trade and investment, industrial cooperation, financial market development, financial regulatory cooperation and more, said the spokesperson.

Strengthened economic and financial exchanges and cooperation between China and the UK, as major economies and financial powers in the world, is in line with the interests of both countries and the expectations of all walks of life, he said.

It is of great significance to the promotion of economic growth and green development of the two countries, and will also add certainty and inject new impetus into world economic growth, said the spokesperson.

"We look forward to the two sides exploring the potential of cooperation through this dialogue and promoting China-UK economic and financial cooperation to achieve more pragmatic results," he said.