The 11th China-ASEAN Summit Forum on Financial Cooperation and Development Held
Source: CAEXPO Secretariat Time:2019-09-25 11:05:32
The 11th China-ASEAN Summit Forum on Financial Cooperation and Development & Building Up the Open Financial Door to ASEAN Summit was held in Nanning, Guangxi on September 22. The theme of this forum is “Building Up the Open Financial Door and Sharing the Future of Financial Cooperation”.
It is reported that the China-ASEAN Summit Forum on Financial Cooperation and Development is an important platform for China and ASEAN countries to discuss cooperation and seek development in finance. Since its inception in 2009, the Forum has received great support from the financial circles and entrepreneurs from China and ASEAN countries. It has made important contribution to the economic and trade exchange and cooperation between China and ASEAN countries. It has evolved into a multilateral financial exchange and cooperation platform with independent working system and topics.
In December last year, 13 ministries and commissions including the People’s Bank of China issued the Master Plan for Building Up the Open Financial Door to ASEAN in Guangxi with the approval of the State Council. The construction of this open financial portal is upgraded as a national strategy. At present, Guangxi is making new progress in the opening-up program integrating “southward cooperation, northern connectivity, eastern integration, and western cooperation”. it builds a new international corridor geared to ASEAN; promotes the construction of new land and marine routes covering Guizhou, Chongqing, Sichuan, Shaanxi and Gansu; articulates with Guangdong-Hong Kong-Macao Greater Bay Area in all respects; and deepens cooperation with the Mekong River Basin countries in concert with Yunnan, providing a good policy environment for open financial door strategy.
Chen Wu, Chairman of Guangxi Zhuang Autonomous Region, said in his speech that Guangxi will grasp the rare development opportunities and demonstrate its responsibility and act in deepening financial reform and opening up and institutional innovation. Guangxi takes the initiative in becoming an important demonstration area for China-ASEAN cross-border financial cooperation, an important testing ground for China’s financial reform, an important starting point for Chinese financial institutions “going global”, and an important connecting area for the “bringing in” measure of the financial industry in ASEAN countries. Every effort is made to build a basic financial platform, improve cross-border financial exchange and cooperation mechanism, and build China-ASEAN Financial City, thereby contributing to China-ASEAN’s deeper financial, economic and trade exchange and cooperation, and the Belt and Road initiative.
The launching ceremony of BOC Hong Kong Southeast Asia Business Operation Center and China Taiping Life Insurance’s ASEAN Insurance Service Center. Local Financial Regulatory Bureau of Guangxi Zhuang Autonomous Region and China Construction Bank Guangxi Branch signed the framework agreement in cooperative education. Strategic cooperation was signed between Liuzhou Bank and Canadia Bank, and between Guilin Bank and Malaysian Hong Leong Bank, respectively.