Shanghai, Macau ink cooperation memo
By Hu Xiaocen |
June 30, 2012, Saturday
|
Print Edition
Print Edition
Macau will help companies from Shanghai to explore the markets in Portuguese-speaking countries and assist in Shanghai's financial cooperation with those countries.
The Shanghai Financial Services Office and the Monetary Authority of Macau yesterday signed a financial cooperation memorandum in Shanghai during the Lujiazui Forum.
"Ties between Macau and the (Chinese) mainland are getting stronger, and this agreement will promote tighter financial and economic cooperation between the cities," said Francis Tam, secretary for economy and finance of Macau's government. "Shanghai is among the most financially advanced cities in China. Macau has maintained rapid growth and improved people's livelihood with the central government's support. Cooperation between Macau and Shanghai has gradually strengthened. This agreement allows Macau to participate in the process of Shanghai becoming an global financial center."
Shanghai Vice Mayor Tu Guangshao said he was delighted to see issues that he had discussed with the Macau government during his visit to the city earlier this year had been included in the cooperation memorandum.
"To strengthen financial cooperation between the two cities has great significance. After the global financial crisis, the global financial structure is experiencing profound adjustments and more intensive competition," Tu said.
"Closer relations between Shanghai and Macau will help the cities handle new challenges and enhance China's strength and influence in the global financial system."
The Shanghai Financial Services Office and the Monetary Authority of Macau yesterday signed a financial cooperation memorandum in Shanghai during the Lujiazui Forum.
"Ties between Macau and the (Chinese) mainland are getting stronger, and this agreement will promote tighter financial and economic cooperation between the cities," said Francis Tam, secretary for economy and finance of Macau's government. "Shanghai is among the most financially advanced cities in China. Macau has maintained rapid growth and improved people's livelihood with the central government's support. Cooperation between Macau and Shanghai has gradually strengthened. This agreement allows Macau to participate in the process of Shanghai becoming an global financial center."
Shanghai Vice Mayor Tu Guangshao said he was delighted to see issues that he had discussed with the Macau government during his visit to the city earlier this year had been included in the cooperation memorandum.
"To strengthen financial cooperation between the two cities has great significance. After the global financial crisis, the global financial structure is experiencing profound adjustments and more intensive competition," Tu said.
"Closer relations between Shanghai and Macau will help the cities handle new challenges and enhance China's strength and influence in the global financial system."
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