Chongqing - The 5th China-Singapore (Chongqing) Connectivity Initiative Financial Summit (CCI-FS) will be held in China's Chongqing and Singapore simultaneously on April 20 and 21.
Under the theme of Charting a New Path for Financial Centre Development, Creating New Impetus for Financial Opening-up, the main venue will be set at the Intercontinental Chongqing Raffles City in Yuzhong District, Chongqing.
Since 2018, the CCI-FS has been successfully held for four years. It has emerged as a platform for exchange and cooperation in financial industries between China and ASEAN, serving as an important window for opening up to the world in western China and a key symbol of Chongqing's financial opening-up and development.
The opening ceremony of the 4th China-Singapore (Chongqing) Connectivity Initiative Financial Summit in 2021. (Photo/Zou Le)
A closer China-ASEAN community with a shared future
The 5th CCI-FS will focus on topics of such as financial opening-up, fintech, dual carbon economy, and capital markets.
Nine special activities will be organized to promote financial reform with Chongqing characteristics and foster more innovation. These activities include China-Singapore green finance, digital and intelligent finance, consumer finance, enterprise listing, cross-border investment and financing, asset management, empowering the Chengdu-Chongqing economy through finance, the New International Land-Sea Trade Corridor (ILSTC), and railway consignment notes.
Participating countries in the 5th CCI-FS will discuss how to use new strategic opportunities offered by the construction of the Western Financial Center and the implementation of the Regional Comprehensive Economic Partnership (RCEP) to strengthen two-way opening up.
Additionally, they will share their views on how to work toward a closer China-ASEAN community with a shared future, promote high-quality economic and financial cooperation, and advance the construction of financial centers in both regions.
Currently, ASEAN countries have established five branches in Chongqing, accounting for one-third of the total foreign-funded branches in the city.
Heads of central banks of 10 ASEAN countries to participate
Both the Chinese and Singaporean governments have assigned great importance to the upcoming 5th CCI-FS.
The event will be attended by heads of international financial organizations, central bank leaders from 10 ASEAN countries, relevant consuls-general of RCEP member countries in Chongqing, Chengdu, and Kunming, as well as leaders from the "13+2" provincial and municipal governments along the ILSTC. Additionally, senior executives from domestic and foreign large financial institutions, transnational corporations, and top financial experts and scholars from around the world will also be in attendance.
The 5th CCI-FS is jointly held by the Ministry of Commerce, PRC (MOFCOM); People's Bank of China (PBOC); China Banking and Insurance Regulatory Commission (CBIRC); China Securities Regulatory Commission (CSRC); State Administration of Foreign Exchange, PRC (SAFE); Ministry of Trade & Industry, Singapore (MTI); Monetary Authority of Singapore (MAS); and the Chongqing Municipal People's Government.