On December 3, the Financial Power Series of Financial Assistance to the “Belt and Road” and South Asia Southeast Asia Radiation Centre Construction Summit Forum was held in Kunming, Shanghai and Yunnan financial industry leaders focusing on the construction of the “Belt and Road” and promote the construction of South Asia Southeast Asia Radiation Centre, and continue to strengthen the financial empowerment. Strengthening financial empowerment and exploring a new pattern of high-level and high-quality financial development.
Yang Jing, Chief Financial Officer of Lingang Group, said that this year’s Central Financial Work Conference for the first time put forward the concepts of “financial power” and “five financial”, which further clarifies the important role of the financial industry in optimising the economic structure, serving the real economy and promoting high-quality development in the future. The starting point of the financial industry in optimising the economic structure, serving the real economy and promoting high-quality development. Lingang Group will make good use of its own financial innovation ability, industrial platform resources and good institutional cooperation ecology to support the establishment of the Mohan-Maoding Cross-border Financial Service Alliance and the “Five Financials” Dianchi Alliance, attract more financial institutions to provide service solutions for cross-border finance, and guide more financial resources to tilt towards the five areas. The five major areas of finance are tilted.
Cheng Jin, Deputy Director of the Financial Research Division of the People’s Bank of China Yunnan Branch, said that the Yunnan Branch of the PBOC has taken financial support for the construction of the province’s radiation centre as the overarching theme, and has been promoting the development of the China-Laos Railway and the Mohan-Maoding Economic Cooperation Zone as a whole. The soon-to-be-issued “Guidance on Financial Support for China-Laos Mohan-Maoding Economic Cooperation Zone” puts forward 15 measures in three areas, namely, policy support, strengthening cross-border financial infrastructure construction, and increasing the supply of financial products and services, to enhance the level of comprehensive financial services for China-Laos border trade, key enterprises and projects in the zone, and to strengthen the financial exchanges and co-operation between China and the Lao People’s Democratic Republic.
Zhou Xiaoquan, Vice President of Agricultural Bank of China Yunnan Branch and President of Kunming Branch, said that Agricultural Bank of China will rely on the Agricultural Bank of China Pan-Asia Business Centre’s features of policy innovation, product innovation, and system innovation in one, integrate and customize financial services for South Asia and Southeast Asia currencies and currencies, and at the same time, take the lead in exclusively releasing the “Belt and Road” currencies of the Laos Kip, Vietnamese dong, and Thai baht. “At the same time, it takes the lead in exclusively releasing forward settlement quotes for non-major currencies such as Lao kip, Vietnamese dong, Thai baht, etc., and gradually realises the full coverage of the currencies of South and Southeast Asian countries.
Zhang Yong, vice president of Shanghai Advanced Institute of Finance of Shanghai Jiao Tong University, said Yunnan should actively think about how to better combine border trade with cross-border e-commerce, look for opportunities in digital finance, digital content, education and medical cross-border remote co-operation in digital service trade, and take the lead in the cultivation of talents for digital trade and the construction of systems.
At the forum, the opening ceremony of the Kunming FTZ Sub-centre of the Pan-Asia Business Centre of the Agricultural Bank of China and the inauguration ceremony of the “Belt and Road” non-major currencies forward settlement and sale quotes were held, as well as the round-table forum on building a full ecosystem of Shanghai-Yunnan industries and finances, and the establishment ceremony of the Mohan-Maoting Cross-border Financial Alliance. -The inauguration ceremony of the “Five Major Financials” Dianchi Alliance.
