SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 24 Nov, 2020  

Singapore.9.thmb.jpg China to boost financial cooperation with Singapore

Singapore.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 24 Nov, 2020
China will strengthen cooperation with Singapore to promote greater financial connectivity, according to officials.

Chen Yulu, vice governor of the People's Bank of China (PBOC), made the remarks at the China-Singapore (Chongqing) Connectivity Initiative Financial Summit 2020 held in southwest China's 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 country's 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.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter