Chongqing - The 5th China-Singapore (Chongqing) Connectivity Initiative Financial Summit (CCI-FS) is scheduled to be held simultaneously in China's Chongqing and Singapore on April 20 and 21, according to the press conference held on April 17. 

Under the theme "Charting a New Path for Financial Centre Development, Creating New Impetus for Financial Opening-up," this year's CCI-FS aims to integrate strategic planning, forward-looking research, exemplary cooperation, and the display of leading results. The main venue will be the Intercontinental Chongqing Raffles City in Yuzhong District, Chongqing.

This year, CCI-FS has introduced a guest province for the first time, inviting Sichuan Province to serve in this role. It is also the first time the summit has invited the Consul General of RCEP countries in Chongqing, Chengdu, and Kunming, along with member governments and market entities of the "13+2" inter-provincial consultation and cooperation mechanism of the New International Land-Sea Trade Corridor (ILSTC), to participate. This expands the summit's circle of friends and global influence.

To date, 52 foreign guests from over 12 countries have confirmed their participation in the summit out of a total of 177 important guests. These include the Minister for Communications and Information and the Second Minister for Home Affairs of Singapore, the Managing Director of the Monetary Authority of Singapore, as well as the heads of international financial organizations, the heads of the central banks of ASEAN countries, and other executives from overseas financial institutions.

Focusing on 12 major events and nine special events, this year's summit has an agenda aligned with industry hot topics and key areas, such as financial interconnection, financial technology innovation, green finance, and capital market cooperation.

The summit will discuss new strategic opportunities for constructing China's Western Financial Center and implementing RCEP, seeking high-quality financial cooperation between China and Singapore, and deepening the development of the China-ASEAN financial industry based on the co-construction mechanism of the ILSTC.

In addition, the summit will facilitate the signing of key projects, emphasizing China-Singapore financial cooperation and the development of a Western Financial Center and Financial Service Innovation.

For instance, projects will be signed in key areas such as cross-border investment and financing, cross-border payment and settlement, and financial technology between China and Singapore. These projects aim to promote the iterative upgrade of the China-Singapore fund operation model and enhance the financial supply capacity of new trade formats.

“The success of the CCI-FS is inseparable from the active participation of all sectors of society," said Ruan Lu, Secretary of the Party Leadership Group and Director of the Chongqing Municipal Financial Supervision Bureau. "Let us share the new accomplishments of the CCI-FS and create a new future for deepening financial cooperation between China and ASEAN."