Home Business Deepen China-ASEAN financial cooperation and create a new pattern of interconnection together 2021 China-Singapore Financial Summit opens_Chongqing Municipal People’s Government Network

Deepen China-ASEAN financial cooperation and create a new pattern of interconnection together 2021 China-Singapore Financial Summit opens_Chongqing Municipal People’s Government Network

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On November 23, at the Chongqing Yuelai International Conference Center, the China-Singapore Financial Summit was held in a combined online and offline manner.Photo by reporter Zhang JinhuiVisual Chongqing

On November 23, the 2021 China-Singapore (Chongqing) Strategic Connectivity Demonstration Project Financial Summit opened. With the theme of “Deepening China-ASEAN Financial Cooperation and Creating a New Pattern of Interconnection”, this summit will be held simultaneously in Chongqing Yuelai International Convention Center and Singapore venues in a combination of online and offline methods.

Deputy Secretary of the Municipal Party Committee and Mayor Tang Liangzhi, Singaporean Minister of Communications and Information, and Second Minister of the Interior Yang Liming, etc. delivered speeches at the opening ceremony.

On behalf of the Municipal Party Committee and Municipal Government, and on behalf of Secretary Chen Miner, Tang Liangzhi extended welcome to all the guests participating in the 2021 China-Singapore Financial Summit and thanked everyone for their long-term care and support for the development of Chongqing. He said that yesterday, President Xi Jinping attended and presided over the 30th anniversary of the China-ASEAN Dialogue Relations commemorative summit. He officially announced the establishment of a China-ASEAN comprehensive strategic partnership. He put forward five suggestions on the future China-ASEAN relationship and deepened China-Singapore financial cooperation. Promoting the interconnection between China’s western region and ASEAN countries has pointed out the way forward and injected strong impetus. In recent years, Chongqing has thoroughly implemented the important instructions of Chairman Xi Jinping, relied on the China-Singapore interconnection project, adhered to a high-start, high-level, and innovative direction, and deeply promoted China-Singapore financial cooperation. The frequency, radiation breadth and driving force of China-Singapore financial interaction Continuously enhance. As a landmark project of the China-Singapore interconnection project, the China-Singapore Financial Summit has become an important business card for Chongqing’s financial opening up and development, and an important platform for exchanges and cooperation between the financial industry in Western China and ASEAN countries. We are willing to take the China-Singapore Financial Summit as an opportunity to thoroughly study and implement the spirit of the Sixth Plenary Session of the 19th Central Committee of the Communist Party of China, earnestly implement the spirit of the 30th Anniversary of the China-ASEAN Dialogue Market interconnection and financial capital docking and financing, with greater efforts to promote the “point-to-point” financial cooperation between Chongqing and Singapore, and radiate to drive the “face-to-face” interconnection between China’s western region and ASEAN countries. We sincerely hope that friends from the financial circles at home and abroad will join us to seize opportunities, deepen cooperation, and jointly promote the construction of the western financial center, and jointly promote the deepening and solidification of cooperation between Western China and ASEAN countries, in order to build a closer China-ASEAN destiny The community makes new and greater contributions.

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In her online speech, Liming Yang thanked Chongqing for its efforts to host the 2021 China-Singapore Financial Summit. She said that with the establishment of China-ASEAN comprehensive strategic partnership and the effective implementation of RCEP, cooperation between China and ASEAN countries will usher in major opportunities. I am convinced that these measures will definitely enhance the level of two-way trade and investment liberalization and facilitation, boost economic growth, and the supporting role of financial empowering industrial transformation and upgrading and serving the development of the real economy will be better played. Under the framework of the China-Singapore interconnection project, Singapore is strengthening cooperation with Chongqing in cross-border investment and financing, green finance, trade finance and other fields. As the level of inter-regional interconnection continues to improve, the new land-sea corridor has become an effective new trade channel connecting western China and ASEAN countries. The financial cooperation between Chongqing and Singapore is promising in the construction of the new land-sea corridor. In the future, financial services will provide assistance in improving the transportation infrastructure along the corridor and enhancing the level of trade digitization. Over the past 30 years, the cooperation between China and ASEAN has been full of vitality. It is hoped that this summit will be used as an opportunity to promote the deepening of cooperation between all parties in the field of financial interconnection and further release the potential for regional economic growth.

Ren Hongbin, Vice Minister of Commerce, Meng Wenneng, President of the Monetary Authority of Singapore, Chen Yulu, Vice President of the People’s Bank of China, Zhou Liang, Vice Chairman of China Banking and Insurance Regulatory Commission, Fang Xinghai, Vice Chairman of China Securities Regulatory Commission, Wang Chunying, Deputy Director of State Administration of Foreign Exchange, International Monetary Fund Li Bo, vice president of the organization, delivered speeches successively.

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Norafida, Deputy Governor of the Central Bank of Brunei, Nizhantana, Deputy Governor of the National Bank of Cambodia, Gu Shu, Chairman of the Agricultural Bank of China, Tian Guoli, Chairman of the China Construction Bank, Zhan Dongsheng, President of the Agricultural Development Bank of China, Bank of China President Liu Jin delivered keynote speeches successively.

A key project signing event was held before the opening ceremony. A total of 85 projects were signed this time, with a contract value of 101.1 billion yuan, covering areas such as China-Singapore financial cooperation, “14th Five-Year” economic and social strategic cooperation, financial institutions and entity enterprises, financial business model innovation, and cross-border financial services. The wide scope, practical content of cooperation, and tight integration of industry and finance will vigorously promote economic and financial cooperation between China’s western region and ASEAN countries.

China Development Bank President Ouyang Weimin, Industrial and Commercial Bank of China Vice President Zhang Weiwu, Bank of Communications Vice President Guo Mang, China Postal Savings Bank Vice President Zhang Xuewen, city leaders Wang Fu, Du Liming, Cai Yunge, Tan Jialing and others attended the summit.

The heads of relevant departments in Singapore and other ASEAN countries, relevant heads of brother provinces, autonomous regions and municipalities, heads of relevant domestic and foreign financial institutions and organizations, domestic and foreign economic and financial experts and scholars, heads of relevant municipal departments, districts and counties, financial institutions, enterprises and Heads of industry organizations participated.

The two-day summit will focus on the stable development of finance, the expansion of two-way financial openness, and the construction of a modern financial system. A series of activities such as sub-forums, expert advisory group annual meetings, financial technology festivals, and achievements exhibitions will be held from ASEAN countries and domestic financial institutions. More than 110 important guests from the industry gathered online and offline to exchange ideas, share wisdom, and discuss plans for China-New Zealand financial cooperation, which will further enhance the consensus of all parties and expand the breadth and depth of China-New Zealand financial cooperation.

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