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Mayor meets Chicago banker before Shanghai symposium
涓婃捣姝ｅ姞蹇紭鍖栭噾铻嶇幆澧 搴斿媷浼氳鑺濆姞鍝ヨ仈鍌ㄤ富甯竴琛
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IN his meeting with Charles Evans, president and CEO of the Federal Reserve Bank of Chicago, on Monday, Mayor Ying Yong congratulated Evans for holding the Shanghai Symposium on OTC Derivatives with co-sponsors People’s Bank of China and the Global Association of Central Counterparties (CCP12).
Ying said Shanghai and Chicago are economic hubs in their respective countries and have cooperated successfully and fruitfully since they became sister cities more than 30 years ago.
Shanghai will become an international financial center compatible with China’s economic strength by reforming and improving its financial market system for the goal of yuan’s internationalization in 2020. The city has introduced incentive policies to attract financial professionals, he said.
The mayor noted that the Federal Reserve Bank of Chicago is one of the three biggest Federal Reserve Banks in the US with rich experiences in financial sector supervision. The bank has authority over financial infrastructure planning and policy making.
Ying said Shanghai should take the opportunity of the symposium to widen cooperation with the Federal Reserve Bank of Chicago, CCP12 and other financial institutions and borrow their experiences for its development into an international financial center.
Evans spoke highly of Shanghai’s economic achievements and said Shanghai is a city with international influence. Its endeavor to become an international financial center is not only important to China but also to the world’s financial industry.
He said he hoped the symposium would let participants learn from each other and work together to develop the financial market.
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