NANNING, Sept. 10 (Xinhua) -- China-ASEAN Institute of Financial Cooperation (CAIFC), an educational center and think tank affiliated to Guangxi University and designated to better serve the construction of China (Guangxi) Pilot Free Trade Zone (FTZ), celebrated its opening ceremony in the campus of Guangxi University in Nanning, the capital city of south China's Guangxi Zhuang Autonomous Region on Wednesday.
CAIFC is established as required in the Master Plan for China (Guangxi) Pilot Free Trade Zone issued by the State Council, the Chinese cabinet, on August 2, 2019 and is supported by the Government of Guangxi.
Photo: Curtain-up ceremony for CAIFC signboard. (Jiang Xuelin)
The institute, also built to facilitate the construction of an open financial portal to Association of Southeast Asian Nations (ASEAN) and the New International Land-Sea Trade Corridor, has been incorporated in Guangxi University's student enrollment system. It is learned that some 200 students have been enrolled in the institute for undergraduate and graduate education during the coming semester.
Yang Zaiping, former full-time vice president of China Banking Association and now the founding director and professor of CAIFC, said the institute aimed to build a first-class ASEAN-oriented financial talent institute, a high-end financial decision-making think tank, a permanent multilateral financial cooperation mechanism and a financial technology industry-university-research incubation platform, to promote the fulfillment of the financial cooperation goals set forth in the China-ASEAN Strategic Partnership Vision 2030.
The opening ceremony presented congratulatory letters or telegrams received from some ASEAN member states' Consulate Generals in Nanning, China Banking Association, China Economic Information Service and some 20 other organizations, who have expressed intention to strengthen cooperation with CAIFC.
ASEAN-China relations have achieved satisfying results in recent years, especially in the year of 2020 under the background of COVID-19 pandemic. Bilateral trade cooperation has been pressed ahead further, with expanding economic cooperative areas. Future development of bilateral relations requires the participation of more high-level talents. The CAIFC came at the opportune time, serving as a bridge between China and ASEAN on financial cooperation, Hoang Ngoc Vinh, Consul General of the Consulate General of Vietnam in Nanning, addressed at the opening ceremony.
Also at the ceremony, CAIFC announced its partnership with Guangxi Beibu Gulf Bank and Guangxi Rural Credit Cooperatives on talent training and financial technology research. (Contributed by Qiu Jun with Xinhua Silk Road, Qiujun@xinhua.org, Fan Chao, and Tang Fenglin)
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