The 15th China-ASEAN Financial Cooperation and Development Summit Forum was held in Nanning of the People’s Republic of China on 18 September and it was attended and delivered speeches by the governor of the Central Bank of Myanmar (CBM) and heads of ASEAN Central Banks. In the speech delivered by the CBM governor:
- In economic cooperation between China and Myanmar, the Asian Silk Road (Belt and Road Initiative) can bolster Myanmar’s economic connectivity and cooperation. The development of infrastructure for Myanmar’s economic projects will create significant opportunities for trade and investment linkages, accelerating economic growth.
- The expansion of banking and financial services, coupled with increased cross-border investments, is expected to facilitate trade and provide support in terms of investment and financial inclusion.
The forum was attended by Mr. Liu Ning, Head of the Guangxi State, Deputy Head of the Management for Foreign Exchange of the People’s Republic of China, Heads and Deputy Heads of Central Banks from Myanmar, Laos, Thailand and Cambodia, as well as representatives from ICBC, BOC, ABC, CCB, CDB, ADB, EXIM Bank of China, officials from China Insurance Corporation and officials from Beijing, Shanghai and Shenzhen Stock Exchanges.
Source: GNLM (19-9-2023)
- The Asian Silk Road (Belt and Road Initiative) can bolster Myanmar’s economic connectivity and cooperation.