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August 15, 2009

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Home » Business » Economy

Canada aims to tap China prospects

CANADIAN Finance Minister Jim Flaherty found his week-long trip to China fruitful in enhancing bilateral financial cooperation, which may open the door to more business for companies such as Sun Life Financial Inc.

"Although we have not reached any concrete agreement, the delegation I lead have found many opportunities for financial cooperation because China has great potential for growth and Canada can offer its expertise in financial regulation and products," Flaherty said in Shanghai yesterday.

"The closer cooperation is also required as the global financial crisis still grips the world economy," he added.

Shanghai was the last leg of Flaherty's trip. Earlier in the week, he was in Beijing and met with his Chinese counterpart Xie Xuren, Governor of the Chinese central bank Zhou Xiaochuan, Chairman of the China Securities Regulatory Commission Shang Fulin, and Vice Chairman of the China Insurance Regulatory Commission Li Kemu.


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