Shanghai Finance

Financial Center

1st Singapore-Shanghai financial forum held

   
 

 

Jointly organized by Shanghai Municipal Financial Service Office and the Monetary Authority of Singapore (MAS), the first Singapore-Shanghai Financial Forum was held in Singapore on November 17.

MAS Deputy Managing Director Jacqueline Loh and Yao Jiayong, secretary-general of Shanghai Municipal Financial Service Office, addressed the forum.

Zheng Yang, director of the Office, sent a congratulatory message to the forum. Zheng said the forum would provide a platform for financial regulators, government officials and industry executives on both sides to communicate and explore cooperation opportunities. Shanghai and Singapore have made achievements in financial services cooperation in recent years and the forum was a new beginning for closer ties, Zheng said.

Speaking at the forum, Loh said: “Singapore and China have built a good foundation for financial cooperation and we are very pleased to have the opportunity to join hands with the Shanghai Municipal Financial Service Office to build closer ties between the two financial centers.”

“As China’s financial center, Shanghai plays a key role in financial reform and innovation and in boosting relations with international financial markets. Singapore and Shanghai have ample cooperation room to jointly push forward construction of financial centers in the two cities and promote the development of Asian financial markets,” she said.

Yao introduced the latest development of Shanghai financial center construction and policies to promote financial deregulation in Shanghai’s pilot Free Trade Zone.

More than 100 financial industry leaders attended the forum and discussed hot issues and trends of financial markets on both sides. The progress of China (Shanghai) Pilot Free Trade Zone, China’s “One Belt and One Road” strategy, the expansion of RMB offshore markets, the trend of asset securitization and the rise of financial technology innovation were the focus of the forum.