China-Singapore (Chongqing) Connectivity Initiative Financial Summit 2020: Enhancing Financial Connectivity, Contributing to and Sharing Benefits of the CCI-ILSTC

CHONGQING, China, Nov. 25, 2020 /PRNewswire/ — On the afternoon of November 23, 2020, China–Singapore (Chongqing) Connectivity Initiative Financial Summit 2020 (CCIFS) kicked off in Chongqing and Singapore. On the theme of “Enhancing Financial Connectivity, Contributing to and Sharing Benefits of the CCI-ILSTC”, the summit provided both online and offline platforms for nearly 200 financial elites from China, Singapore and ASEAN countries to share their insights into cross-border financial cooperation, green finance, financial technology, digital economy, and the outlook on the cooperation among countries in East Asia on market opening-up, digital economy development, financial connectivity enhancement, and response to climate change.

Tang Liangzhi, Vice Secretary General of CPC Chongqing Committee and Mayor of the Chongqing Municipal People’s Government delivered a speech at the summit. He noted that, over the past few years, relying on China–Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (CCI), it has made great effort to advance “point to point” financial cooperation with Singapore and facilitated the “face to face” connectivity between western China and ASEAN countries, so as to build an international financial centre in western inland China with ASEAN countries in its orbit. CCIFS is not only a landmark project of CCI, but also an international platform that facilitates the financial exchanges and cooperation between western China and ASEAN countries. Mayor Tang also expressed his sincere hope of working with friends from Chinese and international financial sectors to seize on this opportunity to reach the comprehensive regional economic partnership agreements, so as to deepen the cooperation, jointly develop Chongqing into an international financial centre in inland China, built the New International Land-Sea Trade Corridor (ILSTC) through extensive consultation and promote the CCI to obtain substantial results.

Josephine Teo, the Minister for Manpower and the Second Minister for Home Affairs of Singapore, delivered a speech on the opening ceremony. She noted that both China and ASEAN boast solid economic growth, and we hope to take this summit as an opportunity to deepen our cooperation on financial connectivity, and work together to explore and develop ILSTC, so as to release the potential of regional economic development.