April 30, 2024PowerballprizeThe State Financial Supervision and Administration and the French Bureau of Prudential Supervision and disposal held a Sino-French financial circle round table meeting. Li Yunze, secretary of the party committee and director of the State Financial Supervision and Administration, and Fran ç ois Villeroy de Galhau, governor of the Bank of France and chairman of the French Bureau of prudential Supervision and disposal, attended and delivered a speech and jointly signed a letter of intent on re-signing a memorandum of understanding on regulatory cooperation. The two sides confirmed the recent achievements of Sino-French financial cooperation. China Banking Association, China Insurance Industry Association, China Insurance Asset Management Association, French Banking Association participated, China Export-Import Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, people's Insurance Group, Guoshou assets, BNP Paribas, Oriental Huili, Societe Generale, UNITA Insurance Group, Axa Group and other Sino-French financial institutions conducted exchanges.

Director Li Yunze said that this year marks the 60th anniversary of the establishment of diplomatic relations between China and France, and the convening of the round table will help deepen bilateral regulatory cooperation, guide and promote practical exchanges between financial institutions of the two countries, and promote better economic and financial development of the two countries. In recent years, new progress has been made in the practical cooperation between China and France in the financial field, and the financial regulators of the two countries have maintained good relations of regulatory cooperation. Recently, Sino-French financial cooperation has achieved fruitful results, reflecting the positive achievements made by the two countries in the opening up of the financial industry to the outside world.

President de Gallo said that the round table will be a preparation for the recent meeting between the heads of state of the two countries and a platform for promoting the implementation of the results of bilateral financial cooperation. French-funded financial institutions are optimistic about the Chinese market and hope to provide professional services in cross-border financing, asset management, agricultural insurance and other areas. French and Chinese financial regulators have always maintained good cooperation and are committed to creating a good regulatory environment for the development of financial institutions on both sides.

The financial circles of China and France share extensive common interests and broad prospects for cooperation. Recently, there are many bright spots in the financial exchanges between China and France, and many achievements have been made in the establishment of institutions and project cooperation, including: France-Pakistan Leasing Group and Jiangsu Financial Leasing Company plan to set up a joint venture to set up a professional leasing subsidiary. UNITA property Insurance plans to set up branches in Sichuan Sino-French financial institutions such as Axa France, Credit Agricole, Oriental Huili Bank, Export-Import Bank of China, Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, people's Insurance Group and other Chinese and French financial institutions have signed memorandums of understanding or cooperation agreements on financing services, aircraft procurement, issuance funds and other projects.

At the meeting, China and France also exchanged views on green finance, two-way market opening and investment, climate change and the transformation of a low-carbon economy.