On December 2, the Asian Financial Summit Forum and Asian Financial Think Tank Annual Forum (2020) was successfully held in Guangzhou, China. This year’s forum, themed “New Trends of Global Financial Cooperation amid the Impact of Pandemic”, was hosted by Asian Financial Cooperation Association.

Vice Chairman Zhou Liang of China Banking and Insurance Regulatory Commission attended the forum and delivered a keynote speech. Mr. Chen Zhiying, Member of the Standing Committee of CPC Guangzhou Municipal Committee and Executive Deputy Mayor of Guangzhou Municipal Government, congratulated the convening of the annual meeting. Ms. Catherine McGuinness, Chair of Policy & Resources Committee, City of London Corporation, Mr. Chen Kewen, Secretary General of Asian Financial Cooperation Association, Ms. Zhang Min, Elected Vice President of China Construction Bank, and Mr. Chen Yong, District Head of the Huangpu District, Executive Deputy Director of the Management Committee of Guangzhou Development Zone shared their views and suggestions on how to give full play to the role of AFCA and AFTT to further strengthen financial cooperation in Asia and even the world under the impact of the epidemic.

Mr. Ba Shusong, Chief Economist of AFCA, released Financial Report for the Guangdong-Hong Kong-Macao Greater Bay Area (2020). This year is the third consecutive year that the annual report has been released. The report of Year 2020 systematically sorted out the economic connotation, formation mechanism, evolution trend and development momentum of the Bay Area, and studied how the financial industry in the Guangdong-Hong Kong-Macao Greater Bay Area under the new situation supports the recovery of the real economy after the epidemic, how to serve the “dual cycle” development pattern, and help build a world-class Bay Area.

Mr. Zhu Xiaohuang, Former President of China CITIC Bank, Mr. Andrew Tilton, Chief Asia-Pacific Economist & Managing Director of Goldman Sachs, Mr. Lian Ping, Chairman of China Chief Economist Forum, Chief Economist and President of ZhiXin Investment Research Institute, Mr. Jochen Biedermann, Managing Director of the World Alliance of International Financial Centres, Mr. Shane Akeroyd, President of Asia Pacific and Global Head of Account Management, IHS Markit, Mr. Zhang Hui, Vice President of China Export & Credit Insurance Corporation (SINOSURE), Mr. Zheng Yongqiang, Deputy General Manager, Chief Investment Officer and Chief Finance Officer of Mitsui Sumitomo Insurance (China) Co., Ltd, and other speakers delivered speeches focusing on topics such as Globalization amid the Impact of Pandemic, New Opportunities for Belt and Road Financial Cooperation, Technology Development Supports Regional Financial Cooperation and Combating Epidemic. Experts in the forum pointed out that although the epidemic has brought certain impacts and challenges to international financial cooperation, it reminds us to a greater extent that only closer international cooperation could withstand risks and challenges.

The forum was broadcast online simultaneously. Over 300 representatives and participants from financial regulators, AFCA member institutions and non-member financial institutions from 22 countries, including China, Japan, Korea, Singapore, the United Kingdom, and the United States attended the forum. At the same time, the forum organized “Greater Bay Area Tour” for Financial Institutions representatives to visit and investigate some key enterprises, to learn about the local real economy development status as well as economic and financial support policies, and matching financing cooperation needs.

Forum Site