Liu Liange elected as chairman of Asian Financial Cooperation Association

BEIJING, Dec. 22 (Xinhua) -- Liu Liange, chairman of Bank of China, was newly elected as the chairman of Asian Financial Cooperation Association (AFCA) on the second general meeting of AFCA held in Beijing on Tuesday.

On the meeting, Liu Liange affirmed AFCA's achievements in deepening financial exchanges and cooperation, developing regional financial standards, promoting best financial practices and building international financial think tank in the past three years. 

Photo: Liu Liange, newly elected chairman of AFCA, delivered a speech.

According to Liu, at present, the COVID-19 pandemic has accelerated undergoing momentous changes unseen in a century, which further increased the urgency and importance of win-win cooperation.

Under such circumstances, the new board of directors will keep in mind the philosophy and mission of AFCA, perform its duties diligently without being daunted in face of challenges, make unremitting efforts in exploring the development model of regional international organizations suitable for Asia, building a regional financial exchange and cooperation platform, further tapping the potential of financial cooperation, and actively participating in international financial governance, Liu said.

Photo: Chen Kewen, secretary general of AFCA, hosted the meeting.

A number of proposals were reviewed and approved on the Tuesday-held meeting, including work report and financial operating report of the first term of board of directors of AFCA, Recommended Member Lists of the Second Term of Board of Directors and the Board of Supervisors of AFCA, Articles of AFCA (Amendment), and Measures for Management of Membership Fees of AFCA (Amendment). 

After the general meeting, the first conference of the second term of the board of directors and the board of supervisors were convened, and the work plan of the second term of board of directors of AFCA was reviewed and approved.

AFCA, headquartered in Beijing, was established in May 2017 with the philosophy of "Connectivity, Cooperation, Joint Governance and Shared Benefits". AFCA is committed to building an exchange platform for deepening communication and cooperation among various financial institutions, and playing an active role in promoting the improvement of regional and global financial governance. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)