On June 17, a number of experts and scholars gathered in Hengqin to share their ideas on the financial cooperation between China-Latin America (Brazil), sustainable financial development and the development of the financial industry of Hengqin and Macao.
Under the current global economic pattern, the financial cooperation between China and Latin America (Brazil) is faced with unprecedented opportunities. As one of the largest economies in Latin America, Brazil has great potential for cooperation with China in the fields of trade, investment and finance. At the same time, sustainable financial development has become the focus of global attention.
Liu Chengkun, director of the Institute for Sustainable Development of Macau University of Science and Technology, believes that both China and Brazil have their own features for sustainable financial development. On the one hand, China's sustainable financial market is developing rapidly, with various green financial products and services emerging. Brazil, on the other hand, has a strong position in the fields of biodiversity conservation and renewable energy, and it has pioneered a low-carbon development model in the world.
Eric Liu, the managing partner of Zhao Sheng Law Firm, suggested that in the future, Chinese enterprises investing in Brazil should focus on the approval and supervision of foreign investment, access restrictions, foreign exchange control and currency risks.
Ip Kuai Peng, vice rector of the City University of Macau, thinks that a number of policies issued by the authority of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin help promote the interconnected development of the financial markets of Hengqin and Macao. They also facilitate Macao to better work as the financial service platform between China and Portuguese-speaking countries, contributing to renminbi internationalization.
Ding Yibing, dean of the Jilin University Economics School, believes that, in general, China's financial cooperation with Latin America will boost renminbi internationalization. Specifically, efforts such as bilateral trade, investment cooperation, the signing of investment agreements and the Belt and Road Initiatives are all conducive to renminbi internationalization.
After the speech, the experts further discussed the financial development of China and Latin America (Brazil) in Hengqin and Macao. They all agreed that China and Latin America (Brazil) have great development potential in the field of sustainable finance. China and Latin America should strengthen cooperation and make contributions to the sustainable development of the world economy. The Guangdong-Macao In-Depth Cooperation Zone in Hengqin should seize new opportunities for financial development to promote regional economic cooperation and common prosperity.
Author | Nancy Ye
Editors | Olivia, Nan, Will, James
Photos provided to GDToday
