The founding ceremony of the Asian Financial Cooperation Association was grandly held in Beijing International Business Settlement (HK.00147) was invited as a founding member to attend
Date：Tue Jul,2017
On July 24, 2017, the founding ceremony of the Asian Financial Cooperation Association (hereinafter referred to as the "Asian Financial Association") initiated by President Xi Jinping and Premier Li Keqiang was grandly held at the Diaoyutai State Guesthouse in Beijing. Vice Premier Ma Kai of the State Council and Chen Yuan, Vice Chairman of the CPPCC National Committee Guo Shuqing, Chairman of the China Banking Regulatory Commission, Jin Liqun, President of the Asian Investment Bank, and Chen Delin, President of the Hong Kong Monetary Authority attended the ceremony and delivered speeches. International Business Settlement Holdings Co., Ltd. (hereinafter referred to as IBS) was invited to participate as a founding member of the Asia Financial Association. The founding members of the Asian Financial Association come from 107 financial institutions in 26 countries and regions on five continents, including the China Banking Association, China Development Bank, Industrial and Commercial Bank of China, China Life Insurance, Standard Chartered Group, Prudential Group, VISA International, etc.
Premier Li Keqiang sent a congratulatory letter to the founding meeting of the Asian Financial Cooperation Association: Li Keqiang pointed out that the establishment of a stable and efficient financial system is an important foundation for the sustainable development of the world economy. China actively supports the preparation for the establishment of the Asian Financial Cooperation Association, with the purpose of "unicom cooperation, shared governance", optimize regional financial resource allocation, and support the development of countries, especially emerging economies. China is willing to discuss with related parties to promote the construction of the “Belt and Road”, and the Asian Financial Association can provide strong support.
In March 2015, President Xi Jinping proposed to discuss the establishment of an exchange and cooperation platform for Asian financial institutions at the Boao Forum for Asia Annual Meeting. In March 2016, Premier Li Keqiang issued an initiative to establish the Asian Financial Association at the Boao Forum for Asia. The Asian Financial Association will play an important role in leading and supporting the construction of capital and financial connections under the “Belt and Road” initiative. As one of the achievements of the “Belt and Road” International Cooperation Summit Forum, it will be officially established and address Beijing on May 11 this year. Based on Asia, openness and inclusiveness, the Asian Financial Association is committed to building a platform for the exchange and cooperation of Asian financial institutions with the aim of "universal cooperation and shared governance", promoting regional financial institutions' experience sharing and business exchanges, and jointly maintaining regional economic and financial stability.
IBS is committed to becoming the world's leading financial technology company. IBS builds a multi-currency, international, and distributed global clearing platform NGSN, which is both a regional center (sovereign countries) co-governance and co-management platform, and a platform shared by many participants (pan-financial institutions). It aims to achieve global point-to-point, "7X24", multi-currency, and real-time fund settlement for global cross-border trading companies and individuals. IBS Europe provides services such as account opening and payment, receives, remittance, card issuance and other services for trading companies, e-commerce websites, and individuals through the Single Euro Payment Zone Program (SEPA); at the same time, it provides financial institutions, trading platforms, Logistics companies cooperate to provide end-to-end capital management services and supply chain financial services. IBS aims to achieve the interconnection of regional clearing center in Europe, Central Asia, South Asia, the Middle East, Africa and other regions through the system connection of central banks and commercial banks of countries along the Belt and Road, and carries China and the world, between countries in the region, and between regions and the world. Real-time clearing and settlement between multiple currencies
