Agricultural Bank of China Elected as the Chairmanship Unit of the Asian Financial Cooperation Assoc

On August 28, 2024, the first meeting of the third membership conference (for leadership change) of the Asian Financial Cooperation Association was held in Beijing. The third - session Council and Supervisory Board were elected. Gu Shu, the chairman of the Agricultural Bank of China, was elected as the Chairman of the Association. The meeting also elected Levente Kovács, the Secretary - General of the Hungarian Banking Association, as the Chairman of the Supervisory Board, and Qi Jianming as the Secretary - General. The meeting reviewed and approved multiple proposals, including the work report of the second - session Council, the financial work report, and the recommended list of members of the third - session Council and Supervisory Board. A total of 92 member institutions from 13 countries and regions participated in this membership conference.

Chairman Gu Shu stated that Asian financial cooperation is not only an important part of promoting stable regional economic growth but also a key factor in promoting global financial stability and sustainable development. As a non - governmental, regional international organization, the AFCA can leverage its advantages of being civilian - based, flexible, and convenient to strengthen communication, enhance mutual trust, and build consensus, thereby further promoting regional financial cooperation and development. The new - term Council will uphold the AFCA's principle of "Connecting for Cooperation, Governing and Sharing Together". It will strengthen regional dialogue and cooperation, support the joint construction of the "Belt and Road Initiative", support the development of green finance, promote the development of inclusive finance, and enhance international exchanges and cooperation.

Chairman Levente Kovács of the Supervisory Board stated that as one of the leaders of the founding members of the AFCA, he has witnessed the AFCA gradually grow into an influential international financial organization, and this membership conference is even more of a landmark milestone. The new - term Supervisory Board will support, promote, and supervise the AFCA in carrying out relevant work, enhance mutual trust, build consensus, seize opportunities, and address challenges. It will strengthen economic and social cooperation in various fields, encourage the financial sector to take more responsible actions, and make it more inclusive and sustainable in development.

On August 29, the Association held an exchange meeting on "Financial Support for the Development of New - quality Productivity" and conducted a visit and research at the Xiaomi Science and Technology Park. It pragmatically promoted in - depth understanding among domestic and foreign members of the development achievements and potential of China's new - quality productivity, and strengthened the connection and interaction between financial institutions, as well as between financial institutions and real - economy enterprises and industries.

Figure The Conference Site