On November 4, the China (Chongqing)-Singapore Connectivity Initiative 
Financial Summit 2019 was held at Chongqing Yuelai International Convention 
Center. The summit was co-hosted by the Ministry of Commerce of the People's 
Republic of China, the People's Bank of China, the China Banking and Insurance 
Regulatory Commission, the China Securities Regulatory Commission, the State 
Administration of Foreign Exchange and the Chongqing municipal government, as 
well as the Ministry of Trade and Industry and the Monetary Authority of 
Singapore.

At the opening ceremony, Chongqing mayor and deputy secretary of the Municipal 
Party Committee Tang Liangzhi delivered an impassioned speech. Distinguished 
guests, among them, Singapore Minister of Education and Monetary Authority of 
Singapore board member Ong Ye Kung, Monetary Authority of Singapore managing 
director Ravi Menon, People's Bank of China vice president and State 
Administration of Foreign Exchange director Pan Gongsheng, delivered keynote 
speeches. In addition, more than 1200 guests, including heads of financial 
regulatory authorities from eight ASEAN countries including Singapore, 
Malaysia, Thailand, Philippines, Brunei, Indonesia, Laos and Cambodia, leaders 
of several other provinces and autonomous regions, heads of well-known Asia 
Pacific-based financial institutions and multinational firms, established 
experts in the world of finance, government officials from district-, county- 
and city-level financial authorities as well as heads of financial institutions 
and industry organizations in Chongqing, and journalists from leading media 
organizations, attended the opening ceremony and witnessed this important event.

In order to meet the key goals of the summit - engage in the implementation of 
innovative key demonstration projects proposed to the Initiative by the Chinese 
central government as well as promote international cooperation for the Belt 
and Road Initiative and for the construction of the New International Land-Sea 
Trade Corridor, the 2019 summit invited nearly 300 government officials, 
business executives and experts from China, Singapore and other countries to 
attend and engage in discussions various topics, including cross-border 
investment and financing, financial technology, inclusive finance, green 
finance, supply chain finance, logistics finance, assets securitization, in a 
move to promote win-win cooperation. The overall mission of the summit is to 
assure the proper financing for the Belt and Road Initiative and the build-out 
of the New International Land-Sea Trade Corridor through innovation. 


SOURCE: China-Singapore (Chongqing) Connectivity Initiative Financial Summit 
2019