Yang Liming, Minister of Communications and News and Second Minister of the Ministry of the Interior, said that in addition to bilateral cooperation, Singapore also supports interaction between Chongqing and China and Southeast Asia.She pointed out that Asian'an and western China are also one of the fastest -growing regions in the world, and have huge demand for financial services; strengthening financial cooperation and interconnection is also an important part of China's economic integration in China.
The fifth Sino -Singapore Financial Summit, which was postponed due to the crown disease epidemic last November, opened in Chongqing on Thursday (April 20) in the afternoon of Thursday (April 20).
As the new minister responsible for the China -Singapore (Chongqing) Strategic Interconnection Demonstration Project, Yang Liming said in his speech with a video that Asia Dan'an and China participated in the regional comprehensive economic partnership Agreement (RCEP); this effect last year took effect last year.The agreement not only reduces trade investment barriers, but also creates a convenient environment for financial service enterprises through more transparent regulations and measures.
She said that Ayanan and China also launched negotiations on upgrading the bilateral free trade agreement last November, indicating that both parties are committed to ensuring that the free trade zone continues to advance with the times of enterprises and international development trends.
Yang Liming also pointed out that strengthening financial cooperation and interconnection is an important part of promoting China's economic integration.She believes that building more cross -regional and stronger financial ecosystems will help reduce corporate transaction costs, improve financing channels, and achieve risk control and asset management facilitation; these will cross -trade flow and new projects cross -crossThe border investment has a positive impact and helps to realize the huge potential of the region.
Yang Liming said that Singapore will continue to cooperate with Chongqing to pilot the cross -border financing in innovation, in order to release a greater degree of interconnection and cross -border flow along the new channel of the China -Singapore project, including the new channels of the China -Singapore project.
Meng Wenneng, director of the Singapore Financial Administration, delivered a speech at the Chongqing meeting that in the long run, Singapore's cooperation with China in the financial market and the cooperation of green transformation and financing is imperative.
He said that as of now, the Sino -Singapore Chongqing project has promoted 239 cross -border financing transactions, worth 29 billion US dollars (S $ 38.6 billion), and reached 27 financing transactions last year, worth $ 6 billion.
Meng Wenneng: There are four possible cooperation areas in Xinyu
Green transformation financing is the latest field of financial cooperation between China and Singapore, and even Asia.Meng Wenneng pointed out that the Singaporean Monetary Administration and the People's Bank of China have established China New Green Financial Working Group to promote interaction in the public and private fields to better mobilize private capital to meet the needs of sustainable development, and to formulate standards, financing solutions, dataCollaboration and other aspects of cooperation will increase green investment opportunities in China and Asian.The working group will hold the first meeting in Chongqing on Friday.
Meng Wenneng believes that Xinyu has four possible cooperation areas in this regard, including co -incubation pilots and experimental measures, and discussing how to build a green financial market ecosystem.
According to the Credit Bureau of the HKMA, under the witness of Meng Wenneng and the mayor of Chongqing Hu Henghua, the Xinyu Enterprise Summit signed 17 memorandums of understanding, involving cooperation in the fields of cross -border financing, fintech and talent development.
On the other hand, Meng Wenneng also called on the central banks of various countries to continue to focus on reducing inflation, and pointed out that the currency policy is tightening to its tightening.
He said that the core inflation rate has been topped and will decline in the second half of this year, and it will drop to 2.5 % by the end of the year. However, it is currently announced that victory is still early. The Singapore Central Bank will be vigilant about any sign of inflation.
(Reporter is a special agent in Chongqing in the Morning Post)
