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  1. Home

  2. About BFA

  3. Conferences & Meetings

  4. Press Center

  5. Members & Partners

  6. BFA Academy

  7. Areas of Focus

  8. Regional Cooperation

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Mohammed attends BFA Financial Cooperation Conference
Origin:Boao Forum for Asia      Time:2014-11-25 21:26:55    Views:317430

By Wam / emirates 247

Published Monday, November 24, 2014

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Monday joined more than 350 high-ranking government officials, global finance leaders, policy makers and academics, including former Vice Premier of China Zeng Peiyan, who gathered in Dubai to attend the Boao Forum for Asia (BFA) Financial Cooperation Conference.

BFA, which will run until November 26, is recognised as the most prestigious forum in the region and will provide a platform for two days of discussion aimed at driving forward the conversation on key financial issues confronting Asian countries and laying the groundwork for closer collaboration in the future.

Sheikh Mohammed bin Rashid was flanked by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and Sheikha Lubna bint Khalid Al Qasimi, Minister of International Cooperation and Development (Micad), and Khalifa Saeed Sulaiman, Director-General of Dubai's Protocol Department.

Minister Al Qasimi noted that trade between the UAE and China reached $47 billion in 2013, as China became Dubai's second largest trading partner.

She said that  more than 4,200 Chinese companies are operating in the UAE in various sectors. More than 200,000 Chinese people who live and work in Dubai account for 10 per cent of total number of residents in the emirate, she further noted.

"The BFA Financial Cooperation Conference will deepen the conversation on issues of critical financial importance to Asian countries," said Zhou Wenzhong, Secretary-General for the BFA. "Our decision to stage the event in Dubai, strategically located at the crossroads between East and West, is recognition of its growing importance as a conduit for financing, trade and exchange between East and West Asia, as well as the role it can play in financing infrastructure and energy investments that will help further integrate Asia into the world economy."

Shaukat Aziz, former Prime Minister of Pakistan, and Dominique de Villepin, former Prime Minister of France, lead  the international leaders in attendance, while senior figures from the UAE include Abdulla Al Saleh, Undersecretary of Trade and International Affairs, UAE Ministry of Economy; Abdullah Mohammad Al Awar, CEO, Dubai Islamic Economy Development Centre; and V Shankar, Group Executive Director and CEO Europe, Middle East, Africa and Americas of Standard Chartered Bank.

Leading Chinese speakers include Jin Liqun, Secretary-General, Multilateral Interim Secretariat for Establishing Asian Infrastructure Investment Bank; Wang Heshan, Vice Governor, Ningxia Hui Autonomous Region; and Ma Zehua, Chairman of the Board, China Ocean Shipping Group Company.

The Chinese finance sector is also well represented through Zheng Zhijie, President, China Development Bank; Li Jiange, Chairman, Shenyin & Wanguo Securities; Zhang Hongli, Vice President, Industrial and Commercial Bank of China.

(News Link)