Sustained economic development heated topic at Nansha forum

 
KUALA LUMPUR, Nov 23 -- The three-day International Finance Forum 2020 Annual Meeting, beginning Nov 20, was held in Nansha, Guangzhou.

Themed ‘Comprehensive and Sustainable Development - Wide Consultation, Co-operation and Crisis Response’, it saw nearly 200 financial representatives, business leaders and experts discussing topics like Monetary and Fiscal Policies in the New Landscape: Opportunities and Challenges, WTO Reform and Future Global Trade System, Carbon Pricing, as well as Greater Bay Area Cooperation and Development.

China Council for the Promotion of International Trade chairman, Gao Yan said: "The world economy is in a deep recession. The global industrial chain and supply chain have been negatively affected.

“Unilateralism and protectionism have occurred, and the economic globalisation has encountered a counter-current.”

According to UN Secretary-General Antonio Guterres, countries need more liquidity and resources to deal with the crisis and promote recovery, and global public finance should pay attention to the countries and industries in need, promoting sustainable development.

This year, IFF first initiated the Global Green Finance Innovation Award to praise the innovative solutions of global green finance, in ways to deepen international exchanges and cooperation in green finance and promote successful experience in its development and contribute to sustainable development.

According to a statement, Nansha was chosen due to aspects like optimising the business environment, encouraging financial innovation, and supporting financial services.

As of September this year, Nansha has settled a total of 6,559 financial and similar financial enterprises, the number of which increases 52 times compared with that before the launch of pilot free trade zone.

-- BERNAMA