Guangxi strengthens Economic and Trade Cooperation with Asian countries relying on CICA Financial Summit
Xinhua News Agency, Nanning, 16 Nov (reporters Qin Xing and Chen Yifan) the reporter learned from the 2019 CICA Financial Summit held in Nanning, Guangxi on 16 November that Guangxi will rely on the CICA Financial Summit and other international financial platforms. We will further promote exchanges and cooperation with Asian countries in the financial and other fields, and inject strong impetus into the building of a financial open door to ASEAN.
As one of the important activities of the CICA, the CICA Financial Summit is a further enrichment of the CICA cooperation mechanism. The 2019 CICA Financial Summit was co-sponsored by the China Association for the Promotion of Development Finance and the Nanning Municipal Government, with the theme of "promoting practical cooperation in CICA finance". The participants conducted keynote speeches and exchanges on topics such as CICA financial cooperation, co-construction of a new platform for practical cooperation in industry and finance, blockchain technology and industrial innovation in the context of globalization.
The principal responsible person of the Guangxi Zhuang Autonomous region government said that as China's only province adjacent to ASEAN land and sea, Guangxi is speeding up the construction of a new pattern of omni-directional opening up and development of "southward, northerly alliance, eastern integration, and western cooperation." Since last year, the state has successively approved the construction of high-level open platforms such as the financial opening door to ASEAN and the China (Guangxi) free trade pilot zone, and Guangxi has significantly improved its position in the national opening-up strategy. Guangxi will work with all parties to actively promote exchanges and cooperation among Asian countries in the financial, economic, trade and other fields, and make positive contributions to the better implementation of the "Belt and Road Initiative" initiative.
The reporter learned from the 2019 CICA Financial Summit that Guangxi will continue to promote innovation in various fields and cross-border financial business, and promote the construction of regional RMB offshore financial centers and regional currency trading centers. We will increase RMB business innovation with financial institutions in Asian countries, expand the use of RMB in foreign trade, direct investment and cross-border financing, and strive to make Guangxi an important destination for the development of financial institutions in Asian countries to China. At the same time, we will continue to improve the mechanism for cross-border financial exchanges and cooperation, and promote the normalization and institutionalization of financial exchanges and cooperation with Asian countries.