The main forum of the Asia Financial Cooperation Association (AFCA) for the year 2024 was successful

On October 19, the Asian Financial Cooperation Association's annual main forum was successfully held in Beijing, with the theme of "'Belt and Road' financial cooperation: opportunities, challenges and prospects". This forum is also one of the parallel forums of the 2024 Financial Street Forum Annual Meeting. Zhou Liang, Deputy Director of the State Financial Supervision and Administration Bureau, and Wang Zhiheng, President of the AFCA Chairman Unit and Agricultural Bank of China, attended the forum and delivered speeches. Che Xianchen, Director of the Korea Deposit Insurance Corporation, Zhang Ming, Deputy Director of the Regional Opening Department of the National Development and Reform Commission, Huo Xuewen, Chairman of Bank of Beijing, Chen Zhishen, President of Bangkok Bank (Public Limited), Wang Yunfeng, Vice Chairman, President and CEO of HSBC (China), and Yokohata Dai, Vice Chairman and President of Sumitomo Mitsui Banking Corporation (China), attended the forum and delivered keynote speeches. The forum was hosted by Qi Jianming, Secretary-General of the AFCA.

Deputy Director Zhou Liang pointed out that the joint construction of the Belt and Road Initiative has put forward new requirements for financial cooperation, including how to improve effectiveness, how to reflect differentiation, and how to ensure security. We must continuously improve the cooperation mechanism, innovate the cooperation model, and improve the quality and efficiency of cooperation. By enhancing the financial service function, strengthening the adaptation of financial products, enriching financial products and services, and enhancing the inclusiveness of financial governance, we can provide stronger support and guarantee for the joint construction of the Belt and Road Initiative.

Deputy Director Zhou Liang delivered a speech at the forum

President Wang Zhiheng said that as the most dynamic and resilient region along the Belt and Road, Asia's financial cooperation has entered a new stage of development. As the new chairman unit of the Asian Financial Association, Agricultural Bank of China will work with its member units to promote financial digital transformation, deepen cooperation in professional fields, promote infrastructure construction, promote standard formulation and integration, strengthen financial capacity building, and strengthen communication, exchange and cooperation, so as to further deepen Asian financial cooperation.

President Wang Zhiheng delivered a speech at the forum

Forum site

During the results release session, Yang Liyu, Executive Deputy Secretary-General of the Asian Financial Association, released the Asian Financial Association's annual report "Asian Financial Watch (2024 Annual Report)". This report is released for the seventh consecutive year. It reviews the economic and financial situation in Asia from 2023 to mid-2024, analyzes new challenges for development, explores new opportunities for cooperation, and provides relevant policy recommendations. The forum witnessed the exchange of cooperation project agreements between the Silk Road Fund and the Embassy of Uzbekistan in China.

The forum held a roundtable discussion on "'Belt and Road' financial cooperation and digital economy development", which was hosted by Jin Li, member of the National Committee of the Chinese People's Political Consultative Conference and vice president of Southern University of Science and Technology. Shingo Nishikawa, managing director of Sumitomo Mitsui Marine & Fire Insurance (China), Wu Peng, member of the executive committee and business director of China Galaxy Securities, Hamri Reka, chief economist of the Hungarian Banking Association, and Fu Yingsheng, deputy general manager of the strategic research department of China Export Credit Insurance Corporation, and other domestic and foreign experts and scholars discussed financial cooperation plans to promote the development of the digital economy.

Roundtable discussion on "The Belt and Road Initiative Financial Cooperation and Digital Economic Development"

150 people from financial regulatory agencies, AFCA members and financial institutions from more than 10 countries and regions including China, Hong Kong, Macao, Japan, South Korea, Malaysia, Thailand, Uzbekistan, the United Kingdom, Hungary, Germany, Switzerland and the United States attended the forum. At the same time, the AFCA Secretariat also held a closed-door meeting to assist members in dialogue with regulatory authorities and effectively respond to relevant demands.

CCTV report link:https://app.cctv.com/special/m/livevod/index.html?guid=fc6f4dfcfc154e15b8293b6706c37c50&vtype=2&vsetId=C11346