Chongqing, Nov 24 : China will strengthen cooperation with Singapore to promote greater financial connectivity, according to officials.
Chen Yulu, vice governor of the Peoples Bank of China (PBOC), made the remarks at the China-Singapore (Chongqing) Connectivity Initiative Financial Summit 2020 held in southwest Chinas Chongqing Municipality, Xinhua news agnecy reported on Tuesday.
"As an important part of China-Singapore strategic connectivity initiative, financial cooperation between the two countries has played a unique and important role in promoting the development and opening up of west China and expanding economic and financial cooperation between China and Singapore as well as other ASEAN countries," said Chen.The PBOC will further coordinate with the Monetary Authority of Singapore, the countrys central bank, to create better conditions for effective cooperation between both sides financial institutions and bolster the connectivity of financial markets, he added.
Huang Hong, vice chairman of the China Banking and Insurance Regulatory Commission, vowed that the commission will continue to open up the banking and insurance industry and promote in-depth cooperation as the two countries embrace emerging opportunities amid challenges.Amid efforts to foster new institutions of a higher-level open economy, China and the ASEAN should further expand two-way opening up under the Regional Comprehensive Economic Partnership agreement and deepen financial cooperation under the Belt and Road Initiative, he added.
China welcomes foreign institutions with expertise in risk management, pension management, consumer finance, wealth management and health insurance, Huang said.
Latest News
Download App
Channels
Home English News TeluguStop Exclusive Stories Flash/Breaking News Trending News Political Movie Health Tips Crime News Movie Reviews NRI News Viral Videos Bhakthi/Devotional Press Releases Viral Stories Quotes Photo Talks Baby Boy NamesBaby Girl Names Celebrity ProfilesFollow Us!
Contact Us!
TeluguStop.com Media, Siya Residency, Sri Sri Circle, Khammam, Telangana- 507002info@telugustop.com Ph No : 999-279-9973
About Us!
About Us Jobs Advertising DMCA / Removal Terms of Use Privacy Policy