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Singapore-Shanghai Financial Forum held to foster collaboration, partnership

Xinhua, November 17, 2015 Adjust font size:

An inaugural Singapore-Shanghai Financial Forum was held here on Tuesday to serve as a regular platform for market participants to exchange views on topical issues and emerging trends, as well as explore strategic partnerships.

Held by the Monetary Authority of Singapore (MAS) and Shanghai Municipal Financial Services Office (Shanghai FSO), the one-day Forum has attracted over 100 senior industry experts from the two global financial centers.

The forum featured five plenary sessions led by distinguished speakers from the Singapore and Shanghai, who discussed latest developments in China (Shanghai) Pilot Free Trade Zone, China's "Belt and Road" initiative, future growth of offshore RMB markets, asset securitization and technology and innovation in financial services, according to a joint statement by MAS and Shanghai FSO.

"Singapore and China have built up a strong foundation for financial cooperation, and we are delighted to have the opportunity to work with Shanghai FSO to explore greater collaboration between our financial centers," said Jacqueline Loh, Deputy Managing Director of MAS.

Zheng Yang, Shanghai FSO Director-General, said in his congratulatory note that he believed this forum will play an active role for both sides to communicate and seek business cooperation opportunities.

"Shanghai and Singapore have witnessed profound cooperation in the financial services sector during the past years, and I hope the Forum will be a new start for our deeper and more comprehensive cooperation in the near future," Zheng said. Endit