Cao Xu attended the ceremony and made a speech.
After the Memorandum on Financial Cooperation with the Taiwan Chamber of Commerce on February 18, the Dalian Council for the Promotion of Financial Development, on the afternoon of March 18, signed a Memorandum of Understanding on Financial Cooperation with the Shanghai & Hong Kong Joint Workshop of Financial Executives, which is another important step for Dalian toward the enhancement of regional financial cooperation and the acceleration of a regional financial center. Cao Xu, vice secretary-general of the Dalian Municipal Government and director general of the Dalian Municipal Financial Development Bureau, attended the ceremony and made a speech. Liu Xingjiang, chairman of the Dalian Council for the Promotion of Financial Development and president of the Dalian Commodity Exchange (DCE), and Lu Hongjun, president of the Shanghai & Hong Kong Joint Workshop of Financial Executives, signed a Memorandum of Understanding on Establishment of a Dalian-Shanghai-Hong Kong Financial Cooperation Mechanism. Zuo Zhenping, deputy secretary of the Dalian Municipal Financial CCP Affairs Work Committee, presided over the ceremony. Xu Qingzhi, secretary-general of the Dalian Council for the Promotion of Financial Development; Sun Jie, executive secretary-general of the Shanghai & Hong Kong Joint Workshop; Dai Zhigang, chief representative of Rosen Wang Global Funds in China; and Li Ming, chairman of the board of Hong Kong Fusun Group Co. Ltd., attended the ceremony.
Zuo Zhenping presided over the ceremony.
Both Hong Kong and Shanghai are important international financial centers with abundant financial resources, great innovations and deep international influence. The establishment of a Dalian-Shanghai-Hong Kong financial cooperation mechanism and the enhancement of financial exchanges and cooperation between Dalian, Shanghai and Hong Kong are important and significant for Dalian by virtue of their financial resources and influenceto learn and borrow from their successful experience, accelerate Dalian s financial innovation and development, improve its financial services and international reputation and push forward its regional financial center. As an international financial center of Northeast Asia under construction, Dalian s establishing a financial cooperative mechanism with Shanghai and Hong Kong will be in line with the state strategic layout for financial development and will contribute to the enhancement of China's influence and voice in international financial markets.
Liu Xingjiang and Lu Hongjun signed a Memorandum of Understanding on Financial Cooperation.
At present, in accordance with overall state strategic deployment, Dalian is speeding up the regional financial center. Since the beginning of the year, Secretary Xia Deren has met twice with Lu Hongjun. Lu proposed that Dalian give a push to its building of a regional financial center by virtue of the financial resources and influence of Shanghai and Hong Kong; he also suggested that Dalian, based on a Shanghai & Hong Kong Memorandum on Financial Cooperation, and the establishment of a Shanghai & Hong Kong Joint Workshop, sign a Dalian-Hong Kong Memorandum to build a mechanism of Shanghai-Hong Kong-Dalian joint financial development. Lu s proposal was accepted by the chief leaders of the Dalian Party Committee and the Dalian Municipal Government and was put into implementation in relevant departments immediately. In February, the issue of Dalian s membership was proposed and discussed at the meeting of the Shanghai & Hong Kong Joint Workshop in Shanghai, gaining positive responses from Tu Guangshao, executive vice mayor of Shanghai, and Julia Leung, deputy director of Hong Kong Financial Services and the Treasury Bureau. They both agreed to broaden the existing Shanghai & Hong Kong cooperative mechanism and pattern into a higher level of financial exchange and cooperation among the three sides to build a new platform for a Shanghai-Hong Kong-Dalian financial center.
Thesigning ofthe memorandum marks the inauguration of the financialcooperative mechanism of the three sides. Dalian Municipal Financial Development Bureau and Dalian Council for the Promotion of Financial Development will cooperate with the board of the Shanghai & Hong Kong Joint Workshop of Financial Executives to start up the preliminary work for the mechanism, explore and deepen exchanges and cooperation in financialresource sharing,innovativefinancial services, capital market and futuresmarket development and personnel training, building agrid for a regional financial development center with complementary advantagesand joint development.
From: Dalian Municipal Financial Development Bureau
