By love-89.com The 2024 Financial Street Forum Annual Conference is taking place in Beijing from October 18 to 20. The China Investment Corporation (CIC), in collaboration with China Galaxy Securities, is hosting a parallel forum on “China-Southeast Asia Cross-Border Investment Industry Cooperation and High-Quality Development.” During this forum, CIC’s General Manager, Liu Haoling, emphasized that the current global economic growth faces increased instability and uncertainty, highlighting the urgent need for countries worldwide to strengthen international cooperation and promote open sharing.
Liu noted, “China and Southeast Asian countries have a close economic and trade relationship. China has remained ASEAN’s largest trading partner for 15 consecutive years, while ASEAN has been China’s largest trading partner for four years running.” As of the end of July this year, mutual investments between China and ASEAN countries have exceeded $400 billion. He pointed out that the economic complementarity and industry integration between both parties have significantly increased, making their collaboration a dynamic and successful model for regional cooperation.
As a sovereign wealth fund, CIC adheres to principles of internationalization, market orientation, professionalism, and responsibility. Liu stated, “We are committed to partnering with global collaborators to engage in mutually beneficial investment opportunities.”
Currently, CIC’s overseas investment operations cover major asset classes across over 110 countries and regions. Southeast Asia remains a key investment area, with CIC investing in several priority projects in sectors like connectivity, healthcare, and clean energy, while maintaining strong partnerships with major investment institutions in the region.
Liu also expressed CIC’s willingness to seize favorable opportunities alongside various stakeholders, leveraging their respective advantages and innovating cooperation models. He emphasized the importance of transforming trust and confidence into tangible collaborative financial efforts and shared economic development outcomes, reinforcing trade and investment cooperation between China and Southeast Asia for mutual growth and prosperity.
The 2024 Financial Street Forum Annual Conference is co-hosted by the Beijing Municipal Government, the People’s Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, Xinhua News Agency, and the State Administration of Foreign Exchange. The theme for this year’s conference is “Trust and Confidence—Jointly Discussing Financial Opening, Cooperation, and Stable Economic Development.” The forum’s structure includes a “main forum + parallel forums + financial technology conference,” featuring 25 discussion topics and three investment financing connection events, alongside 17 activities dedicated to financial technology.