Recently, a fellow Central Banker, Mr Budi Mulya, Deputy Governor of the Bank of Indonesia, remarked that harmonized, standardized and interoperable market infrastructures are fundamental requirements to facilitate increased volumes of cross-border transactions within the ASEAN region. I believe his observation is very pertinent and could apply equally well to the African region.
In this vein, the China Financial Institute will take measures to further mobilize research resources to conduct pioneering study on important theoretical issues with respect to China’s reform and development under the support of financial supervisory agencies, commercial banks, securities firms, insurance companies, publishing houses, schools and financial research institutes.