Voice of the economy, according to reports, September 1, the first China - Expo Asia-Europe financial cooperation forum held in Urumqi, Xinjiang of China Deputy Governor Ma Delun said at the forum, China has 12 countries and regions with the central banks to establish a bilateral currency swap agreement involving an amount of 841.2 billion yuan, of which, in 2011, People's Bank of China has with Uzbekistan, Mongolia, Kazakhstan's central bank signed a 700 million yuan, 5 billion yuan, 70 billion yuan bilateral currency swap agreements.

Madlung pointed out, the multi-polar world and economic and financial globalization, interdependence among nations and deepening converging interests, strengthen dialogue, deepen cooperation and achieve win-win concept is growing in popularity, the international community's joint efforts and practical cooperation of boost confidence to tackle the financial crisis and deep recession the world economy has played an important role in the global economy began a slow recovery, but recovery is not firmly based, uncertainties are still many signs of fall in economic growth, global inflationary pressures continued to increase, highlighting the risk of government debt, international financial crisis has not eliminate the deep impact of the global economic structural contradictions are still outstanding. including China and the world, including Asian and European countries need to continue to carry forward the spirit of mutual assistance to further strengthen communication and dialogue and policy coordination, deepen economic and financial cooperation in various fields and promote the world economy is strong, sustained, balanced growth.

Madlung said that Asian and European countries in China's economic cooperation, finance plays an important role in promoting, China, Asia and Europe financial cooperation mechanism between the level and rising standards, such as the Sino-Russian Prime Ministers' regular meeting committee sub-committee of financial cooperation would have held 12 meetings, held in June this year the sub-committee meeting,China and Russia signed an "Agreement on settlement and payment", from the Sino-Russian border trade settlement currency extended to the general trade, and expanded the geographic scope of Russia's foreign trade bank also successfully issued RMB bonds in Hong Kong Stock Exchange, opened in Russian capital market new areas of cooperation. Sino-Kazakh Cooperation Committee Financial Cooperation Sub-Committee has held seven meetings in the bilateral currency swap arrangements, settlement currency, trade and project finance and other fields has made remarkable progress .2009 Since the common combat the crisis, to strengthen bilateral financial cooperation and promote trade and investment, China has 12 countries and regions with the central banks to establish a bilateral currency swap agreements, involving an amount of 841.2 billion yuan, of which, in 2011, China People's Bank has with Uzbekistan, Mongolia, Kazakhstan's central bank signed a 700 million yuan, 5 billion yuan, 70 billion yuan in bilateral currency swap agreement .2011 June 28, an official branch of the Bank of China Xinjiang listed on the renminbi and the currency in Kazakhstan Tenge spot transaction price of RMB in cash and listed tenge help Xinjiang pilot, exploration and innovation, is implementing the west development strategy in Xinjiang, the yuan to go out an important measure.

Madlung said, in June 2010, Xinjiang, including 18 provinces (autonomous regions and municipalities) is part of China's RMB settlement pilot. More than a year, the pilot in an orderly way as at the end of July 2011 accumulated for frequent cross-border trade under the 1.63 trillion yuan in RMB clearing business which, Xinjiang and Kazakhstan, Kyrgyzstan, Tajikistan and other 18 countries and regions of the cross-border trade in RMB clearing business, settlement amounted to 188.69 billionKyrgyzstan, Pakistan, Tajikistan, Iran, Russia, Turkey's 13 banks in the Xinjiang area banks to open RMB current accounts with the industry, effectively promote the Asian and European countries, especially in Xinjiang and the country's economic and trade exchanges. At present, Xinjiang or China CD one to allow the yuan to carry out the pilot provinces and foreign direct investment as of the end of July this year, Xinjiang's total cross-border investment and financing business for 1.112 billion yuan. Overall, China, Asia and Europe and other countries on the basis of equality and mutual benefit a range of financial cooperation , the results continue to show, for maintaining regional financial stability and promoting regional economic development has played a very important role.

Madlung pointed out that China and the Asia-Europe financial cooperation has broad prospects. Xinjiang's neighboring countries is the world's fastest-growing market of energy resources and huge potential consumer market, and Chinese economies are highly complementary. Leapfrog China to promote the development of Xinjiang, the China and Asian and European countries to provide unprecedented opportunities for development cooperation. People's Bank of China and the Asian and European countries will follow the consensus reached by leaders in the mutual benefit and win-win cooperation, based on Asian and European central banks to strengthen dialogue and pragmatic cooperation. First, to strengthen macroeconomic policy coordination, promote international economic and financial governance reforms, to promote regional economy to achieve strong, sustainable and balanced growth. to advance the reform of the international financial system, maintain regional financial stability and security. The second is to continue to promote trade settlement currency, local currency settlement infrastructure to speed up construction, according to real needs and the country entered into currency swap agreements to promote bilateral trade and investment facilitation and deepening bilateral economic and trade relations. Third, the steady progress in financial market liberalization and innovation, and support enterprises' going out "to promote business innovation, financial institutions, to encourage international syndicated loans, loans and other new cross-border M & A loans,Enterprises in the region to increase the financial support.

Xinjiang Uygur Autonomous Region, Xinjiang Production and Construction Corps were present at the forum and delivered a speech in Pakistan, Kazakhstan, Mongolia, the central bank official, Britain Business Council president, China Banking Regulatory Commission, CSRC, CIRC official, the State Administration of Foreign Exchange is responsible for people, the State Development Bank, China Export-Import Bank, Industrial and Commercial Bank, Agricultural Bank of China, Construction Bank, Bank of China Export & Credit Insurance Corporation were present at the forum and delivered speeches. financial institutions, experts, scholars, business representatives, news more than 240 reporters and other media people attended the forum. The financial cooperation forum hosted by the People's Bank of China, State Development Bank, China Export-Import Bank, China Export & Credit Insurance Corporation co.

This articlefrom:China Trade Information (http://en.zgxu.com),detailed reference to the above website.