The 3rd Board Meeting of China-CEEC Inter-Bank Association Held

The 3rd Board Meeting of China-CEEC (Central and Eastern European Countries) Inter-Bank Association was held through video conference today in Beijing. The meeting was hosted by CDB, the rotating chairman bank of the Association.

Mr. Zhao Huan, Chairman of CDB, attended the meeting and delivered a keynote speech on "Drawing a New Blueprint for Cooperation between China and CEEC for a Better Future". Mr. Lu Shan, Deputy Secretary General of the China-CEEC Cooperation Secretariat, attended the meeting and delivered a speech via video. Leaders of the member banks of the China-CEEC Inter-Bank Association participated in the meeting by video. Zhou Xuedong, Vice President of CDB, presided over the meeting.

Zhao Huan noted that in the past three years since the establishment of China-CEEC Inter-Bank Association, the practical cooperation among member banks has been deepened and the results have benefited many fields, such as infrastructure, agriculture, shipping and electricity, which have produced good social and economic benefits. Recently, the COVID-19 pandemic has seen a rebound and there is no predictable end of it. He hoped that the members will continue to act in unison and form joint efforts to help regional economic recovery and upgrade the quality of "17+1 cooperation" with financial cooperation. The first is to join hands to fight the pandemic, promote economic recovery, and provide effective financing in cooperation on epidemic prevention and control, promote international trade and investment, and maintain the stability and smooth flow of the global industrial chain supply chain. The second is to deepen pragmatic cooperation to achieve mutual benefits and win-win results, and continue to make good use of the 2-billion-euro development finance cooperation loan. The third to expand areas of cooperation, innovate financing models, actively carry out multilateral-bilateral project financing planning cooperation, and open up more investment and financing channels for "17+1 cooperation". The fourth is to uphold openness and inclusiveness, explore third-party cooperation and form broader synergy. The fifth is to jointly prevent and control risks, establish a cooperation mechanism of information sharing, benefit sharing and risk sharing to ensure the sustainable development and the safety of financing.

Lu Shan spoke highly of the work of the China-CEEC Inter-Bank Association. He said that the Union is an important achievement in the financial field of "17+1 cooperation", and he hoped that the Union would continue to play an effective role as a platform and contribute to promoting the practical cooperation of "17+1" to a higher level.

The member banks of the China-CEEC Inter-Bank Association unanimously expressed that they will continue to deepen cooperation, give full play to their own advantages, promote project financing cooperation, strengthen experience exchange and capacity building, jointly overcome the risk challenges brought by the pandemic, and provide more accurate and effective financial support for regional economic development.

The meeting discussed and voted on the Cooperative Action Guidelines of the China-CEEC Inter-Bank Association for 2021-2025, which clearly defines the direction of the Association’s cooperation in the next five years. The meeting also studied and voted to officially admit Hellenic Development Bank into the Association as a member.