The 4th Guangdong-Zurich Financial Roundtable was held

On December 10th, the 4th Guangdong-Zurich Financial Roundtable, co-organized by the People's Government of Guangdong Province and the Canton of Zurich, Switzerland, was held by video.

Since the establishment of friendly relations between the Canton of Zurich and Guangdong Province in 2014, the pragmatic cooperation between the two sides in various fields has been deepened and expanded. The Financial Roundtable began in 2018 and has now become the largest exchange and cooperation platform and brand project between Guangdong Province and the Canton of Zurich.

With the joint efforts of both sides, the results of the first three financial roundtables have been continuously implemented, which has significantly promoted the win-win cooperation between financial institutions of the two places. According to statistics, in the first three quarters of this year, cross-border RMB settlement business between Guangdong and Switzerland was 9.33 billion yuan, an increase of 45.2% year-on-year. UBS Qianhai Wealth Management Co., Ltd., a wholly-owned subsidiary of UBS Group, was officially approved to sell securities investment funds in October this year, becoming the second wholly foreign-owned institution in China to obtain a fund sales license. The Shenzhen Stock Exchange has provided cross-border docking services for nearly 70 Swiss innovative enterprises and domestic and foreign capital. Guangfa Bank, China Merchants Bank, Ping An Insurance Group and relevant Swiss financial institutions have deepened their cooperation in the fields of Swiss franc clearing, interbank credit, private banking and wealth management business, and agricultural typhoon catastrophe index insurance.

At this financial roundtable, Tencent Group, together with the Swiss National Railways and Worldline, jointly released the WeChat Pay Mini Program, which allows Chinese tourists to purchase Swiss transportation tickets and get more travel and play information directly in WeChat without jumping to other applications, which not only facilitates the transportation and consumption of tourists in Switzerland, but also helps the digital and intelligent development of the Swiss tourism industry. Guangdong Province and relevant financial institutions and enterprises in the Canton of Zurich held a signing ceremony of cooperation agreements, and in-depth exchanges were held from Ping An Property & Casualty Insurance Company, Bank of China Guangdong Branch, China Construction Bank Zurich Branch, Guangdong University of Finance and Economics, Swiss Re, Swiss Banking Association, Credit Suisse Bank, UBS Group, etc. on the four themes of green insurance development, sustainable finance, cross-border financial cooperation and trade finance.

The two sides agreed that such exchanges will further enhance the effectiveness of cross-border financial cooperation, expand relevant businesses in the field of green finance, and strengthen pragmatic cooperation in financial technology, asset management, catastrophe insurance and other aspects.

[Reporter] Gong Chunhui

[Correspondent] Guangdong Foreign Affairs

【Author】 Gong Chunhui

Cantonese Tales

Source: South+ - Create more value