LONDON, Feb 8 (Reuters) - British finance minister Jeremy Hunt said on Thursday he wants the London Stock Exchange to become the Nasdaq of Europe, attracting tech companies to help create "the next Silicon Valley".
Britain is reforming its financial sector in a bid to remain globally competitive as UK tech companies like chip designer Arm Holdings choose to list in New York. London's financial sector has also been largely cut off from the European Union due to Brexit.
"I would say that the big opportunity that we have in front of us is to be the world's next Silicon Valley," Hunt told TheCityUK's annual dinner in London.
"We want the London Stock Exchange to become Europe's Nasdaq," he said, referring to the U.S. stock exchange that has become a global magnet for tech companies. (Reporting by Huw Jones; Editing by Sachin Ravikumar)