Upvote:6
According to two British government guides (linked below), you can only drive on your foreign drivers license in the UK for a maximum of a year after you enter the country, so the answer is no - while the foreign license is still valid in the country of issue, its grace period in the UK has past.
If you do succeed in renting the vehicle under your Chinese license and are stopped by the police, you could technically be charged with driving without a valid license and thus driving without valid insurance (and your UK license would potentially only cover you for that first charge - the insurance would still be invalid).