Frankfurt Main Finance and the China Innovation Finance Institute Chengdu signed a joint declaration of intent to strengthen Sino-German cooperation in the financial sector.
Chengdu, November 21, 2023 – The financial centre initiative Frankfurt Main Finance (FMF) and the China Innovation Finance Institute | Chengdu (CDIFI) intend to work more closely together in the future. To this end, the Chairman of CDIFI, Calvin Chenggang Fu, and the Managing Director of Frankfurt Main Finance, Andreas Glänzel, signed a Memorandum of Understanding (MOU) to this effect in Chengdu on November 19, 2023.
The memorandum serves to strengthen the Sino-German cooperation in the financial sector. The CDIFI will support FMF in further establishing Frankfurt as one of the world’s leading financial centres and promote its strategies in the financial markets in Greater China, especially in Western China. FMF supports Chengdu’s development into a leading financial centre in Western China.
“We are very honored and pleased to sign this groundbreaking MOU with FMF, which will not only benefit two cities in achieving their goals in developing a leading financial centre for each country and region, but also greatly facilitate the companies in exploring the markets of each other. Starting from this MOU and the joint efforts behind it, we believe the government, industry and financial sector of Western China will have more new financial and investment collaboration with Frankfurt, the leading international financial centre with world-class financial service and ecosystem. We believe this milestone effort will lead to much solid outcomes in diversified areas of the very near future.” – said Calvin Chenggang FU, Chairman of the China Innovation Finance Institute | Chengdu.
“The Frankfurt financial centre would like to thank the China Innovation Finance Institute Chengdu for the excellent cooperation. The mutual support in a broad range of topics is the right step to further advance our profile as leading financial centres.”- said Andreas Glänzel, Managing Director of the Financial Center Initiative Frankfurt Main Finance
Both parties are aiming for a long-term and in-depth partnership covering many areas of the financial sector.
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